Foreign Investment Extends Fall in China

Foreign direct investment in the mainland extended its fall last month, a sign that my prompt Beijing to consider further steps to boost domestic consumption and upgrade industries.

 

Investment coming into the mainland dropped 7.3% last month to RSD9.27 billion from a year earlier, dragged down by a 14% decline in property investment, the Ministry of Commerce said on February 20.  FDI fell 3.7% last year.

 

However, China was still the world’s second-largest recipient of foreign investment last year after the United States.

 

At the same time, investments from the European Union, hurt dramatically by the sovereign debt crisis in the past year, gained significantly last month, rising 81.8% from a year earlier to USD820 million.

 

~ SCMP, February 21, 2013 ~

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