Foreign Direct investment drops sharply
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.