FDI Grows 45% In 1st 7 Months

From Xinhua:

China saw a growth of almost 45 percent in foreign direct investment (FDI) actually used in the first seven months of this year, due partly to high interest from overseas investors, the Ministry of Commerce said on Wednesday.

But analysts said it should not rule out possibility for short-term speculative capital, or hot money, rushing into the mainland through Hong Kong.

From January to July, China approved the establishment of 16,891 overseas-funded enterprises, a decline of 22.15 percent from the same period last year. However, the FDI actually used nationwide amounted to $60.724 billion, up 44.54 percent.

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