Foreign investment in China picks up

Foreign investment in China is picking up as overseas investors made net purchases of Chinese onshore bonds for months, including a net purchase of $24.5 billion in December, the highest level in almost two years, the State Administration of Foreign Exchange said on Monday.

This came after foreign investors purchased a net $33 billion in onshore bonds, the second-highest on record, the administration said. In December, net capital inflow of foreign direct investment also jumped and came in at more than $10 billion.

Trade in goods also brought in steady net capital inflow, which rose by 12 percent year-on-year and 37 percent month-on-month in December, respectively.