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China to see steady FDI inflow

Updated: Dec 29,2014 9:06 PM     Xinhua

BEIJING — Foreign direct investment (FDI) into China is likely to stay steady in 2014 and 2015 due to a sound environment for investment, an official with the Ministry of Commerce said on Dec 29.

Tang Wenhong, head of the ministry’s foreign investment division, said the FDI will stay around $120 billion for the whole of 2014, basically flat compared with $117.6 billion reported last year.

China has been striving to create an equitable, transparent and predictable business environment to attract foreign capital, Tang said.

Currently, the country still enjoys advantages in its legal system, supporting industries and labor quality, he said, forecasting that FDI inflow in 2015 will continue to stay at the similar level this year.

Data released by the ministry showed that FDI into China edged up 0.7 percent to $106.24 billion in the first 11 months of this year.