China's FDI inflow rises 5.8% in 2019

10:33, January 21, 2020

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  China's resident disposable income rises 5.8% in 2019

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  FDI net inflows into Philippines up 33.7 pct in October 2019

  MANILA, Jan. 14 (Xinhua) -- Foreign direct investments (FDI) net inflows into the Philippines grew by 33.7 percent to 672 million U.S. dollars in October 2019 from the 502 million U.S. dollars recorded during the same period in 2018, data from the countrys central bank said on Tuesday.Photo: CGTNThe Bangko Sentral ng Pilipinas (BSP) said this was mainly on account of the expansion in non-residents net investments in debt instruments issued by local affiliates or inter-company borrowings by 60 percent to 534 million U.S. dollars from 334 million U.S. in 2018.Meanwhile, the BSP said net inflows of equity capital slowed down to 58 million U.S. dollars from 98 million U.S. dollars in October 2018, following the decline in equity capital placements to 80 million U.S. dollars from 112 million U.S. dollars coupled with the increase in withdrawals to 22 million U.S. dollars from 14 million U.S. dollars.Equity capital infusions during the month came mostly from the United States, South Korea and Japan, the BSP added.According to the BSP, placements during the period were invested largely in real estate; financial and insurance; and manufacturing industries. Reinvestment of earnings amounted to 79 million U.S. dollars, 12.7 percent higher than the 71 million U.S. dollars recorded in October 2018, the BSP said.For the period January to October 2019, the central bank said FDI net inflows reached 5.8 billion U.S. dollars. This, however, was lower by 32.8 percent from the 8.6 billion U.S. dollars posted in the same period in 2018, it added."The lower FDI net inflows reflect subdued investor sentiment due to the continued sluggish global economic activity," the BSP said.The BSP said net investments in debt instruments decreased by 27.3 percent to 4.3 billion U.S. dollars from the 5.9 billion U.S. dollars during the same period in 2018.Likewise, it said net equity capital investments dropped by 65.4 percent as placements fell by 44.9 percent to 1.3 billion U.S. ...

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  China remains second largest FDI recipient in 2019

  BEIJING, Jan. 21 (Xinhua) - China remained the worlds second-largest recipient of foreign direct investment (FDI) in 2019 with FDI inflow up 5.8 percent year on year to 941.5 billion yuan (137.24 billion US dollars) in 2019, the Ministry of Commerce said Tuesday.(File photo)More than 40,000 new foreign-funded enterprises were established last year, said Qian Keming, vice minister of commerce, at a press conference.The number of projects receiving FDI above 100 million U.S. dollars stood at 834 in 2019, up 15.8 percent from a year earlier.The structure of FDI has been optimizing as 266 billion yuan of FDI went to the high-tech sector in 2019, up 25.6 percent year on year, accounting for 28.3 percent of the total FDI.Investment from Singapore climbed 51.1 percent year on year in 2019, that from the Netherlands expanded 43.1 percent and that from the Republic of Korea rose 21.7 percent.Pilot free trade zones (FTZs) have played a larger role in attracting investment.All of the 18 pilot FTZs saw 6,242 new foreign-funded enterprises set up in 2019. FDI inflows into the pilot FTZs reach 143.6 billion yuan, accounting for 15 percent of the total.