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$6
billion
Foreign Direct
Investment (FDI) in India for 2005.
$896.7
billion
Global FDI inflows
in 2005, increasing 29% from $695 billion in 2004
(Source: Standard & Poor's on global FDI trends)
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When the China first released the figure
in January, it estimated actual foreign investment in China stood at
US$60.33 billion last year, 0.5 per cent down from 2004. But this
figure did not include investment in the financial sector.
The actual FDI was finally revised to US$72.4
billion, reflecting a hefty growth of nearly 20% on the previous
year.
According to ministry data, China attracted US$18.4 billion in
actual foreign investment in the first four months of 2006, up 5.7%
from same time last year. The government approved 12,639 new
foreign-invested companies during this period.
China's outbound investment has also grown rapidly this year. Direct
investment outward skyrocketed by 280 per cent year-on-year to
US$2.68 billion in the first quarter of this year. China's total
outward direct investment in 2005 was a record $11.31 billion,
compared with $1.8 billion in 2004. Meanwhile China has just annoned
that it will scrap the $5 billion annual quota on outward
invesntments by Chinese companies and will me easier for its
domestic companies to invest overseas.
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