China's foreign investment doubles in December

Fri, 01/15/2010 - 00:05 EDT
 

Foreign direct investment in China doubled year-on-year last month as global demand perked up from the depths of the financial crisis, officials said Friday.China attracted 12.1 billion dollars in FDI last month, a rise of 103 percent from December 2008 when the global crisis was taking hold, the commerce ministry said.Ministry spokesman Yao Jian said the strong rebound -- the fifth straight monthly increase for China's FDI -- showed the world's third-largest economy was still attractive to foreign investors.

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