Rapid rise in Chinese investment in Britain

London, June 20: Chinese investment in Britain was recorded 33 times higher in 2012 than it was in 1999, British statistics showed Thursday.

The average annual growth rate of foreign direct investment (FDI) from Chinese companies was 31 percent over the period, Xinhua quoted Britain's Office for National Statistics (ONS) as saying.

"The portion of FDI stocks in the UK held by countries in Asia and Africa has increased over time, along with the portion of UK FDI stocks in Africa. This suggests growing links between the UK and these economies," said an ONS statement.

The Americas and Europe were the traditional sources of FDI in the Britain, which make up 91 percent of the stock of FDI in the Britain, ONS said.

In terms of sectors, since 2009, there had been a rise in the net stock of FDI from foreign countries in 13 industries and a fall in five industries, which together resulted in a 37 percent increase in net FDI into the Britain.

IANS