China total amount of FDI used

 

The total amount of FDI used in China topped 69.5 billion in 2006, up 5 percent over from 2005. Its total accumulated amount of FDI actually used at 2006 was USD 679.1 billion. China would utilize the foreign funds and promote service industry a key foreign investment attraction. However, China still needs to continue on its improvement on its product and services’ quality and quantity even though it has been the largest recipient of foreign investment among developing countries for 15 years. In the next years to come, China will channel its investment into research and development centers, new high-tech industries, advanced manufacturing, and the energy conservation and environmentally friendly sectors.

 

USD in billion

 

FDI by main countries or region

 

In 2006, the main contributors of FDI in China remained unchanged from previous years. Hong Kong continued to be China’s largest region investor, followed by Virgin Islands, Japan, South Korea, and the United States. Singapore, Taiwan, the Cayman Islands, Germany, and Western Samoa round out the top 10. Hong Kong used USD 20.23 billion or 33.70% of total FDI used in 2006.