China's foreign direct investment up 16% in Jan-Oct

[FarCenter]

Foreign direct investment in China rose nearly 16 percent in the first 10 months of the year, driven by Asian investors, official data showed Wednesday, as Western countries battled economic woes.

China took a total of $95.01 billion in foreign direct investment in the January to October period, up 15.86 percent from the same period last year but slower than the 16.6 percent growth rate in the first three quarters.

Investment reached $8.33 billion in October, up 8.75 percent year-on-year, commerce ministry spokesman Shen Danyang told reporters.

....

Investment from Asian countries continued to rise "by large margins" to $81.9 billion in the January to October period, with Japan leading the growth with a year-on-year increase of 65.5 percent, he said.

In stark contrast, US investment slumped 18.13 percent to $2.6 billion, while European Union investment increased just 1.05 percent to $5.5 billion.

http://www.france24.com/en/20111116-chinas-foreign-direct-investment-16-jan-oct

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Note that US and EU investment is no longer very important to China. Japan, South Korea, Taiwan, and other Asian countries are providing the investment funds.