China’s FDI goes downMarch 15th, 2012 - 12:46 pm ICT by IANS
Beijing, March 15 (IANS) China attracted $7.73 billion in foreign direct investment (FDI) in February, down 0.9 percent year-on-year, the Ministry of Commerce (MOC) said Thursday.
It marks the fourth consecutive month of drops in FDI, MOC data shows.
FDI fell 0.3 percent year-on-year in January, 12.73 percent in December, and 9.76 percent in November, reported Xinhua.
The February figure brought the total FDI in the first two months to $17.72 billion, down 0.56 percent from the previous year, MOC spokesperson Shen Danyang said at a press conference.
In the first two months, the nation approved the establishment of 3,005 foreign-invested companies, down 11.59 percent year-on-year. The month of February alone registered 1,603 new foreign-invested companies, Shen said.
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