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ECONOMY
THIS WEEK> THIS WEEK NO. 8, 2012> ECONOMY
UPDATED: February 17, 2012 NO. 8 FEBRUARY 23, 2012
FDI Down
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China attracted $9.997 billion of foreign direct investment (FDI) in January, down 0.3 percent year on year, said the Ministry of Commerce (MOFCOM).

In January, China approved the establishment of 1,402 foreign-funded companies, a decrease of 37.5 percent from the previous year.

"China has maintained its appeal to foreign investors, despite many negative factors, such as labor costs inflation and financing shortages," said Shen Danyang, spokesman of the MOFCOM.

"Weakness of Western economies is also affecting U.S. and European investments in China," said Shen.

Analyzed by sectors, FDI inflows into the manufacturing and service industries dropped slightly while those into the cropping and livestock sectors rose significantly.



 
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