Foreign Direct Investments in China at Record $63 billion in 2006

China attracted a record $63.0 billion in foreign direct investment (FDI) in 2006, up 5% from the $60.33 billion in 2005, reports Reuters citing the official Xinhua news agency. In 2004, China received $60.6 billion in FDI.

These figures do not include investments by foreigners in the financial sector.

Investments abroad by Chinese firms rose 32% to $16.1 billion in 2006. Such outbound investments more than doubled in 2005 to $12.3 billion.

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