Foreign Direct Investment into China shot up to $72.4 billion in 2005

$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) 

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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