China Information

Monday, January 01, 2007

CASS: Investment Next Year Is Mainly in Such Service Fields as Finance, Insurance and Commerce

According to the report of HK Wen Wei Po, Chinese Academy of Social Sciences (CASS) forecasted in the latest 2007: Report on Economic Development of China and the World that the next year’s direct investment from multinational companies in China was expected to keep around 5% to 10% growth under the pull of investment in service industry. Large acquisition investment will mainly be put into finance & insurance, commerce and other service trade fields, production of medium and high-grade consumables, manufacturing of transport equipment including automobile, basic material field, and production field of semi-finished input. The Report revealed that it is highly possible to realize about 5% annual growth of direct investment in China from non-financial multinational companies in the fourth quarter of 2006. As the transitional period of the WTO is coming to an end, the overall scale of foreign direct investment in the fields of commercial banking, insurance companies, telecommunication industry, etc. is still likely to break through USD80b, achieving growth around 10% to 20%.

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