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China is “most promising source of FDI”- UN Trade body
June 27, 2013, 9:20 am

[Xinhua]

FDI outflow from China continued to grow last year reaching a record $84 billion, the report said [Xinhua]

The UN has recognised China as “the most promising source” of FDI in a recent report.

China moved up from the sixth to the third place in 2012 in the list of nations with maximum outward FDI – after the United States and Japan – according to an annual report of the United Nations Conference on Trade and Development (UNCTD).

The organisation’s ‘World Investment Report 2013’ was released on Wednesday.

Last year, FDI outflow from China continued to grow, reaching a record $84 billion, the report said.

China’s outbound direct investment into non-financial sectors increased 20 per cent year-on-year to $34.3 billion in the first five months of the year, while spending surged 28.6 per cent year-on-year to $77.22 billion in 2012, according to China’s ministry of commerce.

“China’s outward direct investment grew at a striking pace,” said James Zhan, director of the investment and enterprise division of the UNCTAD.

“Driven by multiple goals of exploring markets, enhancing corporate performance, acquiring natural resources and strategic assets, Chinese companies made very broad outward investments in different sectors and regions,” he said.

FDI inflows to China, however, declined two per cent year-on-year to $121 billion in 2012.

Source: Agencies

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