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Actual FDI Falls 32.6% in January
[2009-02-18 10:48:51]
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Actual foreign direct investment (FDI) in China in January 2009 fell 32.6 percent from a year earlier to $7.54 billion, the Ministry of Commerce said. The number of foreign-funded enterprises approved also dropped 48.7 percent to 1,496.
At a press conference this morning, Yao Jian, a spokesman for the ministry, attributed the decline to the high base a year before and the disruption caused by the Spring Festival holidays.
Noting that the latest FDI figure was close to the monthly average of $7.7 billion in 2008, Yao said that more opportunities for foreign investment are expected in coming months with the national macro economic policy in place.
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| Source:chinadaily.com.cn |
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