Foreign direct investment in China in 2010, up 17.4 percent to 105.7 billion U.S. dollars, the government said Tuesday, despite efforts from the authorities to cool the booming economy and stem the flood of liquidity.
In the announcement numbers year after year, the trade ministry spokesman Yao Jian in a regular briefing said China attracted 14.03 billion dollars in foreign direct investment (FDI) last month, up 15.6 percent from a year earlier.
"Improving the investment environment has become a new driving force of FDI China," said Yao told reporters.
The combination of the heat of growth of the world's second largest economy and expectations for a strong currency have attracted more and more foreign investors into China in hopes of getting better results on their money.
The data was released ahead of key data that will come out this weekend are expected to show China's economy expanded 10 percent in 2010.
Beijing, which is worried about soaring food prices and property, has tried to reduce the volume of money flowing into the economy as inflation continues to soar - in November, inflation rose at the fastest pace in two years.
FDI has slowed sharply in August, up only 1.4 percent year-on-year compared with 29.2 percent in July and 39.6 percent in June.
But in September, FDI rose again, up 6.1 percent year-on-year, while in October rose 7.9 percent and then jumped 38.17 percent in November.
The data include investment by foreign companies in industries such as manufacturing, real estate, services and agriculture but exclude money put into banks and other financial institutions.
Chinese investment abroad in-sector non-financial sector rose 36.3 percent to 59 billion dollars in 2010 due to pump more money into energy projects, mining, and agriculture abroad.
Foreign investment through mergers and acquisitions of 23.8 billion dollars, noting 40.3 percent of the total.
At the end of 2010, cumulative foreign investment in non-financial sector amounted to 258.8 billion
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