China'S Foreign Direct Investment Increased By 76.5% In November.

The Ministry of Commerce held a press conference to announce information on China's foreign investment last month. According to the Ministry of Commerce statistics, China's foreign direct investment increased by 76.5% in November.

Shen Danyang, spokesman of Ministry of Commerce

According to the world clothing and shoe net, China's total net foreign investment amounted to US $161 billion 700 million in 1-11 months in 2016, an increase of 55.3% over the same period last year, and its growth rate was three times over the same period last year.

Statistics in October showed that China's total foreign investment amounted to 145 billion 960 million US dollars this year. That is, in a short span of a month, foreign investment increased by US $15 billion 740 million, of which 9 of the investment came from local enterprises.

The value of newly signed contracts in investment is 26 billion 950 million US dollars, up by 91% over the same period last year.

It is worth noting that at present, Africa's economic growth rate is only 1.8%, the lowest in 20 years, and Chinese enterprises have not been stopped by Africa's bad economic situation.

In the 1-10 month, Chinese enterprises' investment in Africa increased by 31%, amounting to more than 2 billion 500 million US dollars, of which manufacturing investment in Kenya and Uganda increased by more than 100%.

In the Middle East, Suez's economic and trade cooperation zone in Egypt has accelerated. More than 10 international companies have expressed their investment intentions.

On the other hand, manufacturing accounts for more than 10% of the total investment.

At present, China's low end

Has begun large-scale entry into Africa to help local people manufacture.

Get rid of second-hand clothing exported from the West.

At the same time, some of the "relatively technical" industries have begun to appear in Africa, such as mobile phones, leather processing and so on. According to the statement of Tian Xuejun, China's ambassador to South Africa, China hopes to help Africa's manufacturing industry occupy more than 50% of GDP in 2063.

In addition to Africa, China's investment in Latin America and Thailand has also increased considerably this year.

At the same time, "

The business of related contracting projects increased rapidly. In 1-11 months, China signed a total of more than 100 billion foreign contracted projects for the "one belt and one road" related countries, up 40% over the same period last year.

If the industry is divided into sectors, China's external acquisition and manufacturing industry is 23 billion dollars, occupying 30% of the total amount of mergers and acquisitions, and it involves all sectors of the national economy.

In the 1-11 months, foreign investment mainly went to several fields, including business services, $40 billion 330 million, manufacturing $29 billion 730 million, wholesale and retail businesses $26 billion 310 million, and information pmission, software and information technology services 19 billion 230 million dollars.

However, this year, the Ministry of Commerce found that China's growth rate of attracting foreign investment was far less than that of foreign investment. In 1-11 months, China's actual foreign investment amounted to US $113 billion 790 million, an increase of only 3.9% over the same period last year.

The official position of the four ministries and commissions such as the Ministry of Commerce supports the competent and qualified enterprises in China to launch outward investment activities, but also pays close attention to irrational foreign investment in real estate and other fields, as well as risks hidden in large non principal industry investment.

The official also said that while promoting the healthy development of foreign investment, the balance of payments should be basically balanced.

Data map: Secretary of Commerce Gao Hucheng

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