China's FDI inflow declines

China's FDI inflow declines Beijing: Foreign direct investment (FDI) into China dropped 0.24 percent year on year in October to USD8.31 billion, according to figures released by the commerce ministry Tuesday.

The drop was less sharp compared to September, when FDI into China dropped year on year to USD8.43 billion, reported Xinhua.

This is the fifth consecutive monthly drop in the country's FDI inflow.

The figure brought the total FDI inflow for the first 10 months of 2012 to USD91.74 billion, down 3.45 percent year on year, said ministry spokesman Shen Danyang.

In the first 10 months, investment from the US reversed a trend of decline and rose 5.3 percent year on year to USD2.7 billion. Investment from Japan surged 10.9 percent from a year earlier to USD6.08 billion, Shen said.

Investment from the EU dropped 5 percent year on year to USD5.24 billion.

The fall was smaller compared to the first nine months. Investment from the EU dropped 6.3 percent year on year to USD4.83 billion from January to September.

IANS