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China Attracts US$853 Bln FDI in 3 Decades

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China attracted a total amount of US$852.6 billion of foreign direct investment (FDI) from 1979 to 2008, making it the number one target for FDI among developing countries, according to latest figures released by the National Bureau of Statistics.

The FDI flowing to China stood at merely US$80,000 in 1979. The country has endeavored to improve the foreign investment environment since the reform and opening up three decades ago and the FDI began to surge into the world's most populous nation, said the bureau.

The annual FDI increased to US$40.7 billion in 2000 and to US$92.4 billion in 2008.

(Xinhua News Agency October 3, 2009)