Chinanews, Beijing, January 16 – China absorbed $70 billion of FDI in 2006, ranking it first among the developing country in this regard.

 

The three developed countries, the USA, Britain and France were first largest countries in the world in absorb FDI last year. Statistics show that only $368 billion of the total FDI of $1.2 trillion in the world in 2006 went to developing countries. EU alone took in some 45% of it.

 

Though FDI in China in 2006 was a little lower than the figure of $72 billion in 2005, it does not imply China has become weaker in absorbing investment. Actually, China still remains a hot spot for investors worldwide.

 

It is estimated that the world's FDI in 2007 will rise slightly, and FDI in China will remain stable, despite that the changes in regulations might somewhat affect the investors' confidence.