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FDI inflow into China drops for five consecutive months
Beijing, Nov 13: Foreign direct investment (FDI) in China dropped for the fifth consecutive month in October, but there is no need for the country to be worried, a media report said today.
Beijing, Nov 13: Foreign direct investment (FDI)
in China dropped for the fifth consecutive month in October,
but there is no need for the country to be worried, a media
report said today.
According to the latest figures released by China's
Ministry of Commerce, actual FDI in the country was USD 43.56
billion in the January to October period, a rise of
5.81 per cent from a year earlier.
Contracted foreign investment, an indicator of future trends, rose 33.75 per cent year-on-year in the first 10 months to USD 88.68 billion, the Ministry said.
Foreign investment slipped by more than 30 per cent in October from a year earlier to USD 3.2 billion while contracted investment in the single month surged by 43 per cent to USD 6.6 billion.
"However, there is no need for China to worry since the momentum is still robust," Director of the Foreign Investment Research Department of the Chinese Academy of International Trade and Economic Co-Operation, Jin Bosheng was quoted as saying by an official newspaper.
Bureau Report
Contracted foreign investment, an indicator of future trends, rose 33.75 per cent year-on-year in the first 10 months to USD 88.68 billion, the Ministry said.
Foreign investment slipped by more than 30 per cent in October from a year earlier to USD 3.2 billion while contracted investment in the single month surged by 43 per cent to USD 6.6 billion.
"However, there is no need for China to worry since the momentum is still robust," Director of the Foreign Investment Research Department of the Chinese Academy of International Trade and Economic Co-Operation, Jin Bosheng was quoted as saying by an official newspaper.
Bureau Report