Fan Chunyong, Executive Vice President and Secretary-General of the China Industrial Overseas Development & Planning Association, said China's FDI flow may hit USD 100 billion by 2013, while its FDI stocking may reach USD 500 billion. The present ratio of foreign investment to investment absorption of 1:2 may increase to 1:1 around 2015.
Fan made the above statement in the press conference of the 2nd China Overseas Investment Fair. He pointed out that China's foreign direct investment has covered all industries and 180 countries and regions in the world with a coverage ratio of 80%. Since this year, the country's investment to major economies has witnessed a rapid growth.
In terms of distribution, from January to June, China's FDI to the U.S. increased by 3.6 times year on year to USD 605 million, while its FID to ASEAN amounted to USD 1.22 billion, up by 125.7% year on year, that to the EU totaled USD 406 million, a year-on-year increase of 107.2%, and that to Russia approximated to USD 264 million, up 58.5%.
Fan believed that there exist some problems in China's FDI, including inability of enterprises to maintain overseas operations, cultural differences, fluctuations of the exchange rate, sovereign risks, trade protectionism etc. Some countries began to inhibit foreign investment; therefore Chinese enterprises are faced with new challenges.