FDI in China falls for sixth month
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E-mail China.org.cn, May 15, 2012
Foreign direct investment (FDI) into China fell for a sixth straight month in April amid global economic woes.
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Foreign direct investment (FDI) into China fell for a sixth straight month in April amid global economic woes. [File photo] |
In year-on-year terms, FDI edged down 0.74 percent to US$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.
The country received US$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 here.
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 US$23.16 billion in the first four months, up 72.8 percent from a year earlier.
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