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FDI growth to remain robust over coming year
February-18-2011

China's western region saw FDI surge 81 percent to $510 million, far exceeding that of the eastern part of the country which registered 23 percent.

Experts said China's greatest asset in attracting foreign investors is the fast-growing economy and the government's commitment to the stimulating domestic consumption.

"Double-digit growth (in FDI) is an easy target to reach. China's strong attractiveness as an investment destination will remain for quite a long time," said Li Xiaogang, director of Foreign Investment Research Center at the Shanghai Academy of Social Sciences.

The world's largest maker of digital cameras, Canon Inc, said it is considering expanding its production capacity in China to cut costs and counter mounting competition, according to Masaya Maeda, Canon's head of image communications products operations, in an interview with Bloomberg.

McDonald's Corporation said the company will accelerate expansion and open 1,000 restaurants in China during the next three years, hoping to be well placed as the nation takes steps to spur individual incomes.

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