China's FDI on the rise
Afp, Beijing
Foreign direct investment into China in the first quarter of the year totalled 15.9 billion dollars, a rise of 11.6 percent from the same period a year earlier, the government said Thursday. Hong Kong, the British Virgin Islands -- where many Chinese companies register for tax purposes -- and Japan were the top three sources of foreign direct investment, the commerce ministry said. Last year actual foreign investment in China was 69.5 billion dollars, down 4.1 percent from 2005. If the financial sector were to be excluded, the figure totalled 63 billion dollars, a rise of 4.5 percent.
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