Foreign direct investment in China grew at a faster pace in October, with an increase in capital from Asian investors. Investment from the United States, however, dropped notably.
Investment rose 8.75 percent from a year earlier to US$8.33 billion last month, the Ministry of Commerce said yesterday, up from September's 7.88 percent rise.
In comparison, the pace was 11.1 percent in August and 19.8 percent in July.
In the first 10 months, investment expanded 15.8 percent to US$95 billion, the ministry said.
"Generally speaking, foreign investors are increasingly cautious of their new investment amid global economic uncertainties," said Xue Jun, an analyst at CITIC Securities Co.
"The unexpected rebound in October is a result of more investment coming from Asian countries, which perform relatively well under present conditions," Xue said.
In the first 10 months, investment from 10 major Asian markets, including Japan, the Philippines, Thailand and Malaysia, jumped 20.6 percent from a year earlier to US$81.8 billion.
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