FDI in China up 17.8pc in July
Afp, Beijing
Foreign direct investment into China in July reached 5.04 billion dollars, a rise of 17.8 percent from the same month a year earlier, the government said Monday. In the first seven months of 2007, foreign direct investment rose 12.9 percent from the same period in 2006 to 36.93 billion dollars, the commerce ministry said on its website. Last year actual foreign investment in China was 69.5 billion dollars, down 4.1 percent from 2005. Foreign direct investment, along with booming exports, are among the top factors resulting in China's massive build-up in foreign exchange reserves. The Chinese foreign exchange reserves, the largest in the world for more than a year, hit 1.33 trillion dollars by the end of June.
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