News & Reports News Year 2012 November 2012 China's FDI inflow declines but less sharply

China's FDI inflow declines but less sharply


FOREIGN direct investment (FDI) into China dropped 0.24 percent year on year in October to US$8.31 billion, according to figures released by the Ministry of Commerce today.

The drop was less sharp compared to September, when FDI into China dropped 6.8 percent year on year to US$8.43 billion.

Nevertheless, this is the fifth consecutive monthly drop in the country's FDI inflow. The figure brought the total FDI inflow for the first 10 months of 2012 to US$91.74 billion, down 3.45 percent year on year, said ministry spokesman Shen Danyang.

In the first 10 months, investment from the United States reversed a trend of decline and rose 5.3 percent year on year to US$2.7 billion. Investment from Japan surged 10.9 percent from a year earlier to US$6.08 billion, Shen said.

Investment from the EU dropped 5 percent year on year to US$5.24 billion.

The fall was smaller compared to the first nine months. Investment from the EU dropped 6.3 percent year on year to US$4.83 billion from January to September.