In the first two months of the year, China’s foreign investment was 17.8 billion yuan.

March 15th afternoon news The Ministry of Commerce announced today that data show that in January-February 2011, China's actual use of foreign investment amounted to 17.823 billion US dollars, an increase of 27.09%. According to the data released by the National Bureau of Statistics a few days ago, January-February real estate utilization of 8.6 billion yuan of foreign capital, so calculated, accounting for nearly 50% of the total.

According to the data released by the Ministry of Commerce today, from January to February 2011, 3399 foreign-invested enterprises were newly approved to establish in the country, an increase of 7.46% year-on-year; actual use of foreign investment was US$17.823 billion, an increase of 27.09% year-on-year. On March 11, the National Bureau of Statistics released data showing that in the first two months of this year, real estate development companies used foreign investment of 8.6 billion yuan, an increase of 61.5%. In this calculation, real estate development companies account for nearly 50% of the total foreign investment, up to 48%.

Prior to this, industry sources explained to Sina Finance that the first two months of this year, the reasons for the significant increase in the use of foreign capital, said that due to the small proportion of base figures in the same period last year, all one or two inputs would see rapid growth, "not to be too important." According to data released by the Beijing Municipal Bureau of Statistics today, Beijing used foreign capital 37.58 million yuan in the first two months of this year, a year-on-year drop of 67%.

However, Yang Hongxu, the head of the comprehensive research department of the Shanghai E-House Real Estate Research Institute, believes that the use of foreign capital was 79.6 billion yuan for the entire year, an increase of 66.0%, so it can only be said that the first two months of this year will still maintain a relatively high growth rate. * Continue to appreciate, foreign capital will continue to enter the real estate industry in China.

Yao Jian, spokesman of the Ministry of Commerce, said at the end of last year that the Ministry of Commerce will continue to strengthen the supervision of FDI, especially in the real estate sector, including verification of statistical data from relevant departments, and strengthen the review of the integrity of land documents.