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1、China News2013/4/15-20l FDI surge a show of confidenceForeign direct investment in China continued to increase in March, an indication of global confidence in the worlds second-largest economy, officials said.Inbound FDI increased 5.65 percent last month from a year earlier to $12.4 billion, the Min
2、istry of Commerce said on Thursday.Shen Danyang, a spokesman for the ministry, predicted steady growth in FDI in the coming months as a result of Chinas efforts to optimize its foreign investment structure.March saw the second consecutive month of growth for Chinas FDI. In February, it rose 6.3 perc
3、ent, the first gain after an eight-month slump.Shen attributed the increase to Chinas timely adjustment of macroeconomic policy, and improving advantages as a foreign investment destination.For the entire first quarter, the nations inbound investment gained 1.4 percent year-on-year to $29.9 billion,
4、 the ministry said.Chinas outbound direct investment in the non-financial sector in the first quarter saw strong growth, gaining 44 percent to $23.8 billion, it said.The European Union boosted its investment in China by 45 percent to $2.05 billion in the first quarter. FDI from the US and Japan incr
5、eased by 18.5 percent and 10.5 percent to $1.06 billion and $2.29 billion.The boost in FDI came despite a deceleration in Chinas economic growth to 7.7 percent in the first three months of this year, down from 7.9 percent in the final quarter of 2012.The growth showed global companies confidence in
6、China, a top researcher said.The Chinese government, newly elected by the National Peoples Congress in March, recently sent a positive signal to foreign companies in which they were welcomed to play a key role, rather than a marginal role, in Chinas next stage of development and reform, said Huo Jia
7、nguo, president of the Chinese Academy of International Trade and Economic Cooperation.During a recent meeting with executives from a host of multinationals attending the China Development Forum, Premier Li Keqiang pointed out that China will expand domestic consumption by opening up further to fore
8、ign businesses.Li promised further opening-up in services and industries related to new energy, emphasizing that the government will ensure foreign businesses fair access to the market and a level playing field in terms of competition.As part of the transformation of the nations economic growth mode
9、l, China launched a new version of its guidelines for foreign industrial investment in late 2011, encouraging foreign companies to add investment in high-end manufacturing, service and high-tech.Shen said the country is on track. During the first quarter, foreign investment flowing into Chinas telec
10、om, computer and other electronic equipment manufacturing gained 12.1 percent, and transportation equipment manufacturing saw a gain of 29.3 percent.We encourage foreign companies to invest in high-end manufacturing . services are also encouraged, Shen said, citing that foreign investment in distrib
11、ution services surged 32.8 percent and in transportation service by 57.3 percent.China is the second-largest nation in terms of FDI, behind the US. In 2012, Chinas FDI hit a record high of $111.7 billion.The National Development and Reform Commission, the nations major economic policymaker, said in
12、March that FDI may rise about 1.2 percent to $113 billion this year.During the first quarter, Chinas outbound direct investment grew by 44 percent to $23.8 billion. Chinas ODI in the US and ASEAN led the growth, gaining 104 and 99 percent.The nations ODI in the non-financial sector in 2012 surged by
13、 up to 30 percent from a year earlier to $77.2 billion, while global ODI dropped by 18.3 percent year-on-year.The NDRC said in its annual report to the legislature that outbound investment was projected to increase 15 percent to $88.7 billion this year.l Stable recovery for exportsChinas exports saw
14、 a stable recovery in the first quarter thanks to an effective stabilization policy and a rebound in international market demand.However, the outlook for exports for the whole year may not be so optimistic due to changing foreign demand, the rising cost of raw materials and fierce market competition
15、, Ministry of Commerce spokesman Shen Danyang said on Thursday.He said these factors will result in a big fluctuation in the volume of monthly exports in 2013.According to ministry data, Chinas first-quarter foreign trade was valued at 6.12 trillion yuan ($990.2 billion), up 13.4 percent year-on-yea
16、r. Exports volume for the period was 3.2 trillion yuan, an 18.4 percent year-on-year increase, while imports grew 8.4 percent to 2.9 trillion yuan for the first three months.Chinas trade with the United States increased 10.8 percent, and with the Association of Southeast Asian Nations rose 15.5 percent. Sino-South African trade increased 62.1 percent annually, 48.7 percentage points higher than the growth of Chin
