Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
BEIJING, China - Foreign direct investments (FDI) in China fell 3.7% in 2012 to $111.72 billion, the government said on Wednesday, January 16.
For the month of December FDI also declined, slipping 4.5% from the same month in 2011 to $11.7 billion, the commerce ministry said.
Investment from the European Union declined 3.8% to $6.11 billion, the ministry said.
But investment from the US rose 4.5% to $3.12 billion, the ministry said, while investment from Japan increased 16.3% to $7.38 billion.
"The growth momentum of investment from some developed countries including the United States and Japan was good," the ministry said in a statement.
Ministry spokesman Shen Danyang also said in a statement that in 2012, Chinese directly invested $77.22 billion overseas, an increase of 28.6% from the year before. - Agence France-Presse
Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
Two of the country's biggest business groups have added a new battleground for their -- and their Asian tycoon principals' -- intersecting interests