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FDI in China falls for sixth month

Updated: 2012-05-15 10:29
( Xinhua)

BEIJING - Foreign direct investment (FDI) into China fell for a sixth straight month in April amid global economic woes.

In year-on-year terms, FDI edged down 0.74 percent to $8.4 billion in April, following a 6.1 percent drop in March, 0.9 percent decline in February and 0.3 percent fall in January, the Ministry of Commerce said Tuesday.

FDI in China falls for sixth month

The country received $37.88 billion of FDI in the first four months, down 2.38 percent from a year earlier, MOC spokesman Shen Danyang said at a press conference in Beijing.

Investment from the debt-ridden European Union plunged 27.9 percent in the January-April period from a year ago. However, that from the United States and Japan climbed 1.9 percent and 16 percent, respectively, Shen said.

The nation approved the establishment of 7,016 foreign-invested companies in the first four months, down 13.94 percent from a year ago.

However, as investment into China drops, the country's outbound investment has surged. The country's non-financial overseas direct investment totaled $23.16 billion in the first four months, up 72.8 percent from a year earlier.

 

 
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