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China January-April non-financial outbound FDI up 36.1 percent year-on-year
May 15, 2015 / 2:31 AM / 2 years ago

China January-April non-financial outbound FDI up 36.1 percent year-on-year

BEIJING/SHANGHAI (Reuters) - China’s outbound non-financial direct investment rose 36.1 percent to $34.97 billion (22 billion pounds) in the first four months of the year from a year earlier, the Commerce Ministry reported on Friday.

On Wednesday the ministry released figures that showed China’s foreign direct investment (FDI) climbed at an annual rate of 11.1 percent in the first four months of the year to $44.5 billion.

China warned on Wednesday that it faces stiffer competition from other countries when wooing foreign investors to the mainland due to rising Chinese wages.

China’s FDI in March grew only 2.2 percent from a year earlier.

“The current trade situation is difficult, with the goal of achieving stable economic growth under great pressure,” Shen Danyang, spokesman at the ministry, told a news conference.

China’s money supply grew at its slowest pace on record in April as investment growth sank to its lowest in nearly 15 years, data showed on Wednesday, pointing to a further loss in growth momentum despite a concentrated burst of policy easing.

Reporting By Jenny Su and Nathaniel Taplin; Editing by Jacqueline Wong

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