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Actual FDI falls 32.6% in January
By Diao Ying (chinadaily.com.cn)
Updated: 2009-02-16 11:36 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. (For more biz stories, please visit Industries)
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