Director of the Department of Foreign Investment Administration of the Ministry of Commerce (MOFCOM) Liu Yajun stated in Fuzhou on May 13 that up to late March, foreign investment within China had accumulatively amounted to USD1t. Simultaneously, based on the figures issued by the United Nations Conference on Trade and Development, China attracting foreign investment ranked the first place among the developing countries for 17 consecutive years, with foreign investment being the major driving force of Chinese economic growth.
Liu said that impacted by the global financial crisis last year, the transnational investment presented a dramatic decline, with the decline degree of 40%. But in such severe situation, China only saw a 2.6% decline throughout the year, which showed that measures taken by Chinese government in the crisis are quite powerful.
Liu said that impacted by the global financial crisis last year, the transnational investment presented a dramatic decline, with the decline degree of 40%. But in such severe situation, China only saw a 2.6% decline throughout the year, which showed that measures taken by Chinese government in the crisis are quite powerful.
