Beijing: Foreign investment in China accelerated in April, suggesting growing interest in its rebounding economy, figures showed Friday.
Foreign direct investment surged 24.7% in April from the same month last year to $7.35 billion, the said on its website. That was up from March’s 12.1% growth rate.
FDI includes spending on factories, real estate and other assets but excludes investment in stocks and other financial instruments.
The Cabinet said last month it will encourage foreign investment in high-tech and renewable energy industries but curb it in high-pollution industries or those where supply exceeds demand.
China’s economic growth rose to 11.9% in the January to March quarter over the same period last year. But inflation, housing prices and bank lending also rose in April, prompting some analysts to worry about possible overheating.