China remains hot spot for FDI
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China has been the most popular developing countries for attracting foreign direct investment for 18 consecutive years, Gu Jie, deputy director of the Investment Promotion Agency of the Ministry of Commerce, said.
According to Gu, FDI inflows to China in the first eight months of 2010 totaled US$65.96 billion, a increase of 18.06 percent year-on-year.
The world economy has been recovering in the first half of the year, with most economies recording positive growth rate in the first quarter. Emerging countries, China, India, Brazil and Russia in particular, are major forces promoting global economic recovery, Gu said.
China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
