Foreign investors pile back into booming China

That shift could support China’s longer-term plans to expand domestic consumption and gradually liberalise foreign involvement in its industries even after it has cracked down on some of its biggest conglomerates and the outward capital flows they fuelled over the past decade.

Official data shows that foreign direct investment in China rose in October for the seventh straight month, jumping 18 per cent year on year to Rmb81.9bn ($11.8bn).