15 January 2010 - 04H59  

China's foreign investment doubles in December
Investors monitor share prices at a securities firm in Hefei, eastern China. Foreign direct investment in China doubled year-on-year last month as global demand perked up from the depths of the financial crisis, officials have said.
Investors monitor share prices at a securities firm in Hefei, eastern China. Foreign direct investment in China doubled year-on-year last month as global demand perked up from the depths of the financial crisis, officials have said.

AFP - Foreign direct investment in China doubled year-on-year last month as global demand perked up from the depths of the financial crisis, officials said Friday.

China attracted 12.1 billion dollars in FDI last month, a rise of 103 percent from December 2008 when the global crisis was taking hold, the commerce ministry said.

Ministry spokesman Yao Jian said the strong rebound -- the fifth straight monthly increase for China's FDI -- showed the world's third-largest economy was still attractive to foreign investors.

But in all of 2009, FDI in China fell 2.6 percent from 2008 to 90.03 billion dollars.

In 2008, before the worldwide slump set in, investment into China had gone up 23.6 percent from the year before.

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