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Foreign direct investment in China up 44.5 percent

by Staff Writers
Beijing (AFP) Aug 12, 2008
Foreign direct investment into China rose 44.5 percent in the first seven months of the year compared with the same period last year, the government said Tuesday.

Foreign companies invested 60.7 billion dollars in China in the period from January to July, the commerce ministry said in a brief statement posted on its website.

The ministry did not give a figure for the month of July alone.

Foreign direct investment is one of the factors behind rapid growth in China's foreign exchange reserves, which topped 1.8 trillion dollars at the end of June.

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China seen with more room to boost growth as inflation eases
Beijing (AFP) Aug 12, 2008
China's inflation rate eased for the third consecutive month in July, giving the government more leeway to pursue policies to boost growth, economists said Tuesday.

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