China revises inward FDI up by $12bn – Andrew Yeh and Geoff Dyer

From The Financial Times:

China said on Thursday that foreign direct investment into the country last year was $12bn more than it had previously announced, reflecting the inclusion in the figures of a surge of investment into the financial sector.

The Ministry of Commerce , which had reported that inward FDI was $60.3bn in 2005, a decline of 0.5 per cent, said the total had been revised up to $72.4bn.

The new figures include sizeable foreign investments in the financial sector last year as international banks took stakes in a number of Chinese lenders.

[Full Text]

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