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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (15976)	11/16/2004 5:57:11 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Foreign investors give China $54 bn lift James Kynge / Beijing November 17, 2004 The inflow of foreign direct investment into China reached $53.8bn in the first 10 months of this year, passing last year's full-year record, as European, US and Asian manufacturing capacity accelerated its migration to the most dynamic economy in Asia. Official figures released yesterday showed foreign investors' enthusiasm has been impervious to "macroeconomic controls", a series of administrative measures launched by Beijing in April to cool China's boom. The investment figure for Oct-ober was $5.1bn (€3.92bn, £2.74bn), sustaining that of the previous two months. The direct investment from abroad during the first 10 months was up 23.5 per cent compared with the same period a year ago and passed the $53.5bn for the whole of last year. Much of the manufacturing investment committed to China is motivated by the promise of an opening domestic market and the threat posed by migration to China of competitors. business-standard.com