May 12, 2015 12:00
Korea has become the leading foreign investor in China during the first quarter.
The Korea International Trade Association on Monday said Korea's investments in China totaled US$1.62 billion in the first three months, the largest foreign investment excluding Hong Kong.
Taiwan came in second with $1.29 billion, followed by Singapore with $1.23 billion. Japan, the previous No. 1 investor, invested $1.06 billion in the first quarter.
Choi Yong-min at KITA said, "Japan's investments in China slowed due to the weak yen, but investment by Korean companies continues to grow robustly."
But Han Jae-jin at the Hyundai Research Institute said, "China's growth rate has slowed recently and other negative factors such as mounting debts of local governments and a real estate market slump now require diversified investment strategies expanding to other emerging markets in Asia."
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