FDI IN CHINA

FOREIGN INVESTMENT IN CHINA DROPS IN OCTOBER

AFP, November 20, 2012

BEIJING — Foreign direct investment in China fell again in October, the government said Tuesday, as investors remained cautious amid global economic woes and China's own slowdown.

Foreign companies invested $8.3 billion in factories and other projects in China last month, down 0.24 percent from a year ago, Shen Danyang, Ministry of Commerce spokesman, said at a regular news conference.

The drop extended a broad downward trend stretching back to November of last year. Since then, FDI has declined every month except May, when it rose a marginal 0.05 percent.

For the first 10 months of the year, FDI fell 3.45 percent on year to $91.7 billion, Shen said.

The government has blamed the slump on the slowdown in global economic growth, the prolonged European debt crisis and rising costs and weak demand at home.

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