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China attracts $853b FDI in three decades

(Xinhua)
Updated: 2009-10-03 15:13

China attracted a total amount of $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.

Special Coverage: China Biz & Economic Statistics Related readings:  Confidence set to keep FDI flowing  FDI is still flowing despite downturn

The FDI flowing to China stood at merely $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 $40.7 billion in 2000 and to $92.4 billion in 2008.