World Gossip News

GROWTH of foreign direct investment in China accelerated surprisingly in June. Foreign investors channeled altogether US$14.4 billion into China last month, up 20.1 percent from a year earlier. The pace quickened sharply from the increase of 0.29 percent in May, and extended the growth streak to a fifth month in a row. China's inbound foreign investment has been relatively stable so far this year against the backdrop of shrinking global investments. Investors from the European Union and the United States raised their capital input in China. In the first six months, investment from the 27-member EU rose 14.7 percent to US$4 billion, while capital from American firms jumped 12.3 percent to US$1.8 billion. China attracted a total of US$61.9 billion foreign investment in the January-June period, up 4.9 percent on an annual basis.