Saturday, Aug 23, 2014Saturday, Aug 23, 2014
News
 

Foreign investment in China falls in November for sixth straight month

Published on Dec 18, 2012 1:50 PM
 
A parking lot is seen along the Huangpu River near the financial district of Pudong in Shanghai on Dec 12, 2012. Foreign direct investment in China fell in November for a sixth straight month, the government said on Tuesday with the outlook expected to remain weak in 2013 due to global uncertainties. -- PHOTO: REUTERS

BEIJING (AFP) - Foreign direct investment in China fell in November for a sixth straight month, the government said on Tuesday with the outlook expected to remain weak in 2013 due to global uncertainties.

Overseas companies invested US$8.29 billion (S$10.11 billion) in factories and other projects in China last month, down 5.4 per cent from a year ago, commerce ministry spokesman Shen Danyang said at a regular news conference.

The drop added to a long downward trend that began in November 2011. FDI has declined every month since then except for May, when it eked out a marginal 0.05 per cent gain.

For the first 11 months of the year, FDI was down 3.6 per cent year on year at US$100.02 billion, Mr Shen said.

 
If you are not a subscriber, you can get instant, unlimited access here