Foreign Direct Investment (FDI) rose 75.2 per cent in January and February year-on-year to USD18.13 bn, the Ministry of Commerce said.
The biggest investments came from companies from Hong Kong (USD7.67
bn), the UK (USD3.39 bn) and Singapore (USD800m). At the same time the
number of newly registered foreign companies decreased sharply by 23
per cent to 4,372 year on year. The Ministry said the increase in FDI is due to
large-scale investment projects and the stronger RMB currency. It did
not say why the number of companies dropped so sharply.