China’s April foreign direct investments soar 25 per cent.
14 May 2010
China's foreign direct investment (FDI) in April rose by 25 per cent year-on-year compared with March's 12.08 per cent, encouraged by China's stimulus measures, and the improved investment environment for foreign investors to promote economic growth.
With the receding global financial crisis, China's economy picked up and to further bolster their economy the Chinese government came out with measures to relax rules to attract FDI investments into the country.
In its bid to boost foreign investments, last month China released a foreign investment promotion plan for central China, aimed at improving services in urban public utilities, urban finance, commerce, education, medical treatment and logistics.
In addition to giving further impetus to FDI, the local provincial governments in central China plan to improve the investment environment by providing established information systems and economic industrial zone services.
''China's FDI started to rebound in August last year after a sharp decrease in the first half because of the global financial crisis, '' Liu Yajun, director of the ministry's investment promotion department, said at an international investment summit in Fuzhou, China.
''The recovery was boosted by the nation's stimulus measures, improved investment environment, and strong foreign investor confidence.'' he added.
