por admin » Lun Nov 19, 2012 10:10 pm
La inversión extranjera en China cae por onceava vez en 12 meses. La inversión cayo 0.2% en Octubre.
China Foreign Investment Falls for 11th Time in 12 Months
By Bloomberg News - Nov 19, 2012 9:30 PM ET
Foreign direct investment in China fell for the 11th time in 12 months as economic growth cools to a 13-year low and a territorial dispute with Japan harms trade.
Investment dropped 0.2 percent in October from a year earlier to $8.31 billion, the Ministry of Commerce said in Beijing today. FDI inflows in the first 10 months of the year declined 3.5 percent to $91.7 billion, compared with a slide of 3.8 percent in the first nine months.
The decline highlights challenges for new Chinese leadership headed by Xi Jinping, who took the reins of the ruling Communist Party last week in a once-a-decade power handover, as officials seek to reverse a growth slowdown. The world’s second-largest economy may expand by 7.7 percent this year, the weakest pace since 1999, based on the median estimate of analysts surveyed by Bloomberg News.
“The economic growth model is changing, and some investors may have to relocate to other countries if they are seeking just low costs,” Li Huiyong, chief economist at Shanghai-based SWS Research Co., a securities researcher and consultant, said before the report.
Tensions from the Japanese government’s purchase of disputed islands in the East China Sea have led to protests in China and boycotts by tourists.
All Nippon Airways Co., Japan’s biggest carrier, said Nov. 16 that it will extend capacity cuts on China routes into next month. Chinese visitors to the country slumped 33 percent in October, according to data from the Japan National Tourism Organization, while Japanese trips to China may drop as much as 70 percent until the end of March, said JTB Corp., Japan’s biggest travel agency.
Outbound Spending
China’s non-financial outbound investment in the first 10 months rose 25.8 percent to $58.2 billion, the ministry said. Inbound investment in the first 10 months of 2011 rose 15.9 percent.
The Shanghai Composite Index, China’s benchmark stock gauge, was little changed at 10:06 a.m. local time. The gauge had declined 16.5 percent in the year through yesterday.
Other data are pointing to a growth recovery, with exports rising at the fastest pace in five months and industrial output and retail sales exceeding forecasts.
Economists have scrapped forecasts for any easing of monetary policy in the rest of 2012. Analysts surveyed by Bloomberg News Nov. 14-19 see China holding its reserve- requirement ratio at 20 percent through the end of the year, based on the median estimate. That compares with the median forecast for a 0.5 percentage-point cut in last month’s survey.
Toyota Motor Corp. (7203), Honda Motor Co. (7267) and Panasonic Corp. (6752) reported damage to their operations in China in September as thousands marched in demonstrations sparked by the purchase of islands known as Diaoyu in China and Senkaku in Japan.
Japanese investment in China slowed in October, data from the Commerce Ministry show. Investment rose 10.9 percent in the first 10 months to $6.08 billion, compared with a 17 percent increase in the January-September period to $5.62 billion.