Foreign investment in China up 5.48% in first 11 months

Foreign investment into China rose 5.48 percent year on year in the first 11 months of 2013, the government said Wednesday. Foreign direct investment (FDI), which excludes financial sectors, totalled $105.5 billion for January-November, the ministry of commerce announced. For November alone FDI increased 2.35 percent year on year to $8.48 billion, the ministry said. Investment from the European Union jumped 17.36 percent year-on-year to $6.8 billion during the January-November period, while that from the United States increased 8.6 percent to $3.2 billion. Most investment into China comes from a group of 10 Asian countries and regions including Hong Kong, Taiwan, Japan, Thailand and Singapore. FDI from them rose 7.45 percent to $91.4 billion in the year to November. China's overseas investment increased 28.3 percent year-on-year to $80.2 billion during the same period, the ministry said. While investment going to Hong Kong and Japan decreased 0.6 percent and 13.3 percent respectively, investment into Russia surged 685 percent, while it was also up 232.2 percent to the United States.