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China's FDI to hit $420b in '11th Five-Year Plan' period

China's FDI to hit $420b in '11th Five-Year Plan' period

Write: Osgood [2011-05-20]

BEIJING - China's foreign direct investment (FDI) in the "11th Five-Year Plan" period (2006-2010) is projected to top $420 billion, the Ministry of Commerce (MOC) said Monday.The figure is 1.5 times that found in the previous five years, making China the world's second largest destination for FDI, the MOC said in a statement posted on its website.Also, China's FDI decline was far below the world's average level amid the severe impact due to the global financial crisis in 2009, and was among the first to recover, which indicated that the government's counter-crisis measures have effectively boosted investor confidence, said an unnamed official with the MOC in its statement.

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