Ministry of Commerce says real estate industry absorbs foreign capital is not equivalent to hot money

-Our correspondent Han Xiaodong, Ministry of Commerce spokesman Yao Jian 15th, revealed that the November national actual use of foreign capital (FDI) 9.704 billion U.S. dollars, an increase of 38.17%, for the 16th consecutive month to achieve monthly year-on-year growth, the service industry has become an important area of foreign direct investment growth.　　Yao said it is not possible to equate the inflow of foreign capital in the real estate industry with "hot money". Yao said it would release quotas for rare-earth exports next year as soon as possible. China will take a responsible attitude towards the international cooperation in rare earths resources and ensure the basic market supply.　　It will also take a responsible approach to strengthening international cooperation, including technical cooperation, the exploitation of new resources, and the matching of export volumes and production to Chinese resources. January-November, China's actual use of foreign capital amount of 91.707 billion U.S. dollars, an increase of 17.73%. The Ministry of Commerce predicts that the actual use of foreign capital this year is around 100 billion dollars. This year, China's absorption of foreign investment presents two major characteristics: first, the structure of foreign investment continue to optimize. January-November, the actual use of foreign investment in the service industry 41.14 billion U.S. dollars, an increase of 29.3%, of which the real estate sector in the actual absorption of 20.1 billion U.S. dollars, the growth of 48% per cent, the actual use of foreign investment in manufacturing 43.99 billion U.S. dollars, the year-on-year increase of 6.2%, Accounting for China's total absorption of foreign investment in the proportion of 47.96%, down 5.19% from a year ago, agriculture, forestry, animal husbandry, fisheries actual use of foreign capital amounts to 1.69 billion U.S. dollars, a year-on-year increase of 37.1%, the proportion rose to 1.8%.　　In addition, the actual use of foreign investment in the scientific research industry and financial services industry increased 125.65% and 72.57% respectively. Second, the actual use of foreign capital in the western region is faster than the national average. January-November, the actual use of foreign capital in the western region 6.717 billion U.S. dollars, an increase of 38.98% per cent, higher than the national average of 21.25%.　　In the same period, the actual use of foreign capital in eastern and central China grew by 16.2% and 18.4% respectively. As to whether "hot money" will flow into real estate and other industries, Yao said that both the State administration of foreign exchange and the Ministry of Commerce will pay more attention to the issue. The Ministry of Commerce has strengthened the verification, supervision and verification of foreign investment in the real estate sector and will further refine and verify the data in the future. At the same time, we should also see that due to the rapid development of China's service industry, foreign capital to commercial real estate, especially the commercial real estate needs of the real estate is also an objective existence, can not absorb the growth of foreign capital and "hot money" directly linked.