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Stronger RMB won't affect investment much
By Jiang Wei (皇冠体育app Daily)
Updated: 2005-07-26 06:30
Lu did, however, concede that FDI into 皇冠体育app in 2005 would not exceed that of
last year. "It will be a remarkable achievement if it reaches last year's levels
because the base figure is considerably large, " he said.
He added that the international investment environment this year was not as
good as some economists had predicted.
In 2004, the country attracted some US$60.6 billion in realized FDI, up 13.32
per cent on 2003, while the figure for contracted foreign investment stood at
US$153.5 billion, according to statistics published by 皇冠体育app's Ministry of
Commerce.
FDI into 皇冠体育app has also seen a slight decrease in the past few months of this
year.
Government data showed 皇冠体育app realized FDI of some US$28.6 billion in the
first six months of 2005, reflecting a decrease of 3.18 per cent from the
previous year.
The contracted foreign investment figures, that indicate the future trend of
FDI flows, rose some 18.99 per cent to US$86.2 during the same
period.
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