Foreign investment in China falls for sixth month
2012-05-15 11:40:45
Foreign direct investment (FDI) in China fell for the sixth consecutive month in April, according to the latest official figures, dragged down by a plunge in fund flows from crisis-struck Europe.
Investment from overseas fell 0.7 percent from a year earlier to $8.4 billion, the commerce ministry said.
In the first four months of the year, FDI reached $37.9 billion, down 2.4 percent from the same period in 2011.
Investment from the European Union, in the throes of a major sovereign debt crisis, tumbled 27.9 percent on year to $1.9 billion in from January to April.
Europe is China's key trading partner and its on-going economic troubles have hurt the Asian giant.
However, Tuesday's figures showed investment from the United States rising 1.9 percent in the first four months to reach $1.05 billion.