China’s utilized FDI in 2005 shows decline first time in five years

Mar. 1, 2006 (China Knowledge) – China’s utilized foreign direct investment (FDI) in 2005 reached US$60.3 billion, down 0.5% over 2004. It is the first time in five years that the country’s utilized FDI has shown a decline, according to a report by the Beijing Business Today.

Except for the growth rate of 1.4% in 2003, China had enjoyed double-digit increase rates every year since 2001.

The number of foreign-invested projects approved in 2005 was 44,001, a slight increase of 0.8% over 2004. Foreign investment in some industries has particularly shown significant decreases, including that in the mining, construction, education, health and social welfare industries.

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