Eleven-Five China absorbs FDI up to 420 billion US dollars

Commercial News (Wang Fang) The Ministry of Commerce yesterday released the "Eleven-Five" period of China's absorption of Foreign Investment Report (hereinafter referred to as the report), is expected to "Eleven-Five" (2006-2010) period, China cumulative absorption of foreign direct investment (FDI) amounted to 420 billion U.S. dollars, as "XV" (　　2001-2005), 1.5 times times the global ranking from the end of the fourth place to second, and 18 consecutive years ranked first in developing countries.　　According to the report, compared with the period of "Eleven-Five" period, the first to third industry absorbed foreign investment ratio from 30% to 48%, and the proportion of the Midwest absorbing foreign capital to the national total was increased from 11% to 14%. "This is a peak, in the world is also a very large amount of foreign capital absorption, ' Twelve-Five ' may be more to carry out industrial adjustment." "Although the report did not predict China's" Twelve-Five "period of absorbing foreign direct investment, but Uibe, deputy director of China Open Economic Research Institute Bock that," Twelve-Five "period, China may adopt a" support, limited "gradual way to gradually open up some industries,　　For example, the financial services sector allows a single foreign investment institutions to increase the proportion of capital in the capital of more than 20% of the original limit, cultural industry will continue to open the animation, film and television fields, etc., "the industrial distribution may show primary basically flat, secondary has come down but still dominate, the tertiary industry accounted for Bai, deputy director of the International Market Research Department of the Ministry of Foreign Trade and Cooperation of Mofcom, believes that the "Twelve-Five" period will attract foreign investment more directional, from the demand of quantity rise to the demand of quality, attach more importance to the technology, manpower, market resources and international industrial chain resources.