|
 |
|
|
|
|
|
|
Thursday May 12, 11:09
|
|
Foreign investment continues to grow in China
(by Julia Jenson)
|
|
Foreign investment in China was up 2.2% in the first four months of 2005 as compared to the same period a year earlier, reaching $17.5 billion, reported China’s Ministry of Commerce today. Contracted foreign investment that includes investment that has been pledged but not yet realized was up 8% to 50.2 billion.
There is no indication that foreign companies began to lose their interest in the Chinese economy.
``The size of the deals has been lower recently, but in the last month or so we have more bigger deal flow than we have had for some time and these deals are likely to close in the second half,’’ said Gavin Geminder, head of corporate finance for Hong Kong and China at KPMG Corporate Finance Ltd .
However, concerns about the effect of the administration’s ongoing campaign to decelerate economic expansion, the pace of growth has been down from 9.5% in the first three months. Aggravating the situation are the worries about the risk of overheating.
``Investors are a bit concerned about the near term overheating risks and the fact that the government continues to introduce these tightening measures,’’ said Huang, an economist at Citigroup Inc. in Hong Kong.
|
|
All world news
|
|
|
|
|
|
|
|
|
|
 KEYWORD SEARCH |
|
|
|
|
|
SUBSCRIPTION |
|
|
|
|
|