Foreign direct investment in China rose to a record last year, the government said today, underscoring confidence that rising incomes will boost demand in the world’s fastest-growing major economy.
Investment climbed 17.4 percent to $105.7 billion in 2010 from a year earlier, the Ministry of Commerce said in a statement released in Beijing. Spending in December rose 15.6 percent from a year earlier to $14 billion. Estimates of five economists surveyed by Bloomberg News for the month ranged from an increase of 29 percent to a decline of 21 percent.
