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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1387)	11/12/2003 1:47:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China sees investment inflows slow down By Angela Mackay in Hong Kong Published: November 12 2003 12:03 \| Last Updated: November 12 2003 12:03 Inflows of foreign direct investment into China dropped by about one third last month compared with October last year, according to government data released on Wednesday. Ministry of Commerce figures showed US$3.36bn of actual investment compared with US$5.16bn reported a year earlier. However, the amount contracted or promised by foreign investors shows the rate of money flowing into the mainland is expected to accelerate sharply. Contracted foreign investment was almost US$9.5bn in October alone, according to the ministry. Since the end of the second quarter, the rate of year-on-year investment growth has been declining. However, some analysts have suggested that this is an economic side-effect of the severe acute respiratory syndrome (Sars) pandemic that struck earlier this year, paralysing business in China and elsewhere in the region. In spite of the Sars outbreak, FDI was US$43.56bn in the first 10 months of 2003, an increase of 5.81 per cent from a year earlier, according to the ministry. Contracted investment rose 33.75 per cent to $88.68 billion. FDI fell nearly a third in September from a year earlier to US$3.6bn. August attracted US$3.3bn while July netted US$3.1bn, down sharply from US$6.99bn in June, which experienced the biggest inflow so far this year. Despite the hiccup over the past few months, Chinese officials and foreign economists remain convinced that FDI this year will be more than the US$52.7bn goal committed in 2002. news.ft.com