Foreign direct investment (FDI) in China increased by 10.87% to reach US$47.2 billion during the first nine months of the year, compared with the same period last year, according to a report from the Ministry of Commerce.
During the first three quarters of 2007, about 28,206 foreign-funded companies were founded, which is 6.05% less than the amount founded in the whole of 2006.
FDI in China declined by 2.36% to US$5.27 during the month of September, and 3,358 foreign-funded companies were approved to be established in the same period, decreasing by 11.49%.
Many foreign countries and regions have turned their resources towards investment in China. Amongst all the countries, Hong Kong, British Virgin Islands, Republic of Korea, Japan, Singapore, U.S., Cayman Islands, Samoa, Taiwan and Mauritius are some of the countries that are most active in investments in China.
During the first three quarters, investment from the above mentioned countries accounted 86.73% of the total FDI in China. In addition, investment from the U.S. fell by 2.88% and the amount of foreign-funded companies founded by the U.S. declined by 16.41%.
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