China drew record US$92b FDI last year


BEIJING: China drew a record US$92.4bil in foreign direct investment (FDI) in 2008, up nearly a quarter on the previous year, signalling its continued drawing power for foreign firms even amid the global economic downturn.

FDI rose 23.6% from the US$74.8bil in non-financial investment inflows in 2007, Commerce Ministry spokesman Yao Jian told a news conference yesterday.

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