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 | Foreign direct investment in China fall quickens  | |
MENAFN - Kuwait News Agency (KUNA)
- 18/12/2012
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(MENAFN - Kuwait News Agency (KUNA)) Foreign direct investment (FDI) into China in November fell for the 10th time in 11 months, as labor costs rose and an economic slowdown dragged growth down for seven quarters in a row, state-run Xinhua News Agency reported Tuesday.
The country's FDI inflow decreased 5.4 percent last month from a year earlier, and the pace of drop accelerated from 0.24 percent in October, according to data released by the Ministry of Commerce.
The country's FDI inflow has been declining since June. In the first 11 months of 2012, China attracted USD 100 billion in FDI, down 3.6 percent year on year, ministry spokesman Shen Danyang said at a press conference in Beijing, according to Xinhua.
FDI from the US climbed 6.3 percent during the January-November period, with that from Japan expanding 11.3 percent year on year. However, FDI from the euro-zone fell 2.9 percent from one year before.
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