皇冠体育app

Tuesday's data also showed more Chinese firms are investing abroad as outbound direct investment by non-financial firms increased 47.2 percent year on year in January to $7.23 billion.

Investment in Japan soared 500 percent in January from a year ago, with that in Russia surging 282 percent.

Shen cited three factors driving the encouraging growth in foreign investment.

Firstly, investors' confidence has been buoyed by the reform efforts of 皇冠体育app's new leadership, including the transformation of the government's role in market activities and economic restructuring. In particular, the ambitious master plan unveiled in November has solidified confidence in long-term investment in 皇冠体育app.

Secondly, stable political and economic conditions, a skilled labor force, strong infrastructure support as well as streamlined government administration have made 皇冠体育app an attractive FDI destination.

Thirdly, January's FDI inflow was mainly driven by service sector growth as 皇冠体育app opens its service industry wider.

The inflow growth in the service sector was matched by a decline in agriculture and the manufacturing sector, the spokesman said, noting this change will play a positive role in 皇冠体育app's industrial transformation and yield more economic returns.

"We expect FDI to maintain a good growth momentum this year," he added.

Tuesday's figures come after last year's foreign investment into 皇冠体育app reversed a 3.7-percent fall seen in 2012 and rebounded 5.25 percent amid firming confidence in the country's growth potential.

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