For­eign Di­rect in­vest­ment drops sharply

China Daily (Canada) - - NEWSCAPSULE -

For­eign di­rect in­vest­ment (FDI) into the Chi­nese main­land fell sharply in July, slump­ing 16.95 per­cent from a year ear­lier to $7.81 bil­lion, the Min­istry of Com­merce said.

The sharp de­cline was in con­trast with a mere 0.2 per­cent slide seen in June.

For the first seven months, the FDI, which ex­cludes in­vest­ment in the fi­nan­cial sec­tor, stood at $71.14 bil­lion, down 0.35 per­cent from the same pe­riod last year, it said.

For­eign in­vestors set up 13,249 new com­pa­nies in the first seven months of 2014.

Ac­cord­ing to the MOC, the top over­seas in­vestors were Hong Kong, Tai­wan, Sin­ga­pore, Repub­lic of Korea (ROK), Ja­pan, the United States, Ger­many, France and the Nether­lands.

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