China's government has been fine-tuning economic policy settings since the autumn of last year as the outlook for the global economy darkened, export growth sank and capital inflows - a core component of money supply – stalled, according to a Reuters report.
Ministry of Commerce spokesman, Shen Danyang, said in a press conference the FDI data that the government was confident of achieving its target for trade growth in 2012 despite a difficult international economic backdrop.
Keeping this in mind, CNBC complied a list of 10 countries which saw the largest net foreign direct investment from 2004 to 2010, according to the data released by China' Ministry of Commerce.
...
Hong Kong
Ranking: 1
FDI 2004-2010: $139.5 billion
...
Cayman Islands
Ranking: 2
FDI 2004-2010: $27.3 billion
...
British Virgin Islands
Ranking: 3
FDI 2004-2010: $13.9 billion
...
Australia
Ranking: 4
FDI 2004-2010: $6.97 billion
...
South Africa
Ranking: 5
FDI 2004-2010: $5.8 billion
...
Singapore
Ranking: 6
FDI 2004-2010: $4.7 billion
...
United States
Ranking: 7
FDI 2004-2010: $3.4 billion
...
Canada
Ranking: 8
FDI 2004-2010: $2.9 billion
...
Russia
Ranking: 9
FDI 2004-2010: $2.5 billion
...
Myanmar
Ranking: 10
FDI 2004-2010: $1.6 billion
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