China to attract $63 billion in FDI
BEIJING (Reuters) China expects to attract about $63.81 billion in
actual foreign direct investment (FDI) in 2007, the local Beijing News
The paper cited a report by the Chinese Academy of Social Sciences
(CASS), a top government think-tank, as forecasting the figure would
represent annual growth of about 4 per cent compared with 2006, which
would mean FDI of about $61.36 billion last year.
The official China Securities Journal quoted the Ministry of Commerce
as saying that China was expected to attract $60.3 billion in FDI in
2006, unchanged from 2005. State television has said the country would
draw more than $72.4 billion in FDI in 2006, without giving any source.
The commerce ministry said China's FDI in the first 11 months of 2006
stood at $54.26 billion, up 2.14 per cent from a year earlier. That
figure does not include foreign direct investments in the financial
China's latest move is only the latest in a series of debt
cancellations, interest-free loans and co-operation agreements to have
been signed with Equatorial Guinea's President Teodoro Obiang.