China�s FDI up 8pc in Jan-June

AFP, BEIJING: Foreign investment into China rose 8.0 per cent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said yesterday.
Foreign direct investment (FDI), which excludes financial sectors, totalled $68.41 billion in January-June , the ministry said.
“Both the proportion and the transaction value of foreign mergers and acquisitions increased sharply,” it said in a statement.
It gave the value of M&A activity at $13.19 billion, a gain of 336.5 per cent from the same period last year, while its proportion of total FDI ballooned from 4.8 per cent to 19.3 per cent.
“With the increase of China’s land prices and other costs, many companies are now investing in the country in the form of mergers and acquisitions,” said Shen Danyang, ministry spokesman.
Shen did not provide details on any individual deals in China.
In June alone, FDI growth slowed sharply to 1.1 per cent, after a 7.8 per cent year-on-year rise in May.
The ministry also
said overseas direct investment (ODI) from China
rose 29.2 per cent to $56.0 billion in January to June. It did not provide data for June alone.

China�s FDI up 8pc in Jan-June

AFP, BEIJING: Foreign investment into China rose 8.0 per cent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said yesterday. Foreign direct investment (FDI), which excludes financial sectors, totalled $68.41 billion in January-June , the ministry said. Both the proportion and the transaction value of foreign mergers and acquisitions increased sharply, it said in a statement. It gave the value of MA activity at $13.19 billion, a gain of 336.5 per cent from the same period last year, while its proportion of total FDI ballooned from 4.8 per cent to 19.3 per cent. With the increase of Chinas land prices and other costs, many companies are now investing in the country in the form of mergers and acquisitions, said Shen Danyang, ministry spokesman. Shen did not provide details on any individual deals in China. In June alone, FDI growth slowed sharply to 1.1 per cent, after a 7.8 per cent year-on-year rise in May. The ministry also said overseas direct investment (ODI) from China rose 29.2 per cent to $56.0 billion in January to June. It did not provide data for June alone.