Foreign direct investment (FDI) in China fell for the sixth consecutive month in April, official figures showed Tuesday, dragged down by a plunge in fund flows from crisis-struck Europe. Investment from overseas fell 0.7 percent from a year earlier to $8.4 billion, the commerce ministry said. Ministry spokesman Shen Danyang blamed the decline on economic woes in Europe — China’s key trading partner — and on rising costs in the world’s second-largest economy. “The continual negative growth of China’s FDI has to do with factors at home and abroad,” he said. “Globally, the growth of world economy is weak on the whole, greatly affecting global direct investment. And domestically, with the increase in costs, our operating cost advantage has weakened,” he said. “Nevertheless, we remain generally optimistic toward China’s FDI prospects.” In the first four months of the year, FDI reached $37.9 billion, down 2.4 percent from the same period in 2011. Investment from the European Union, in the throes of a major sovereign debt crisis, tumbled 27.9 percent on year to $1.9 billion in from January to April. However, Tuesday’s figures showed investment from the United States rising 1.9 percent in the first four months to reach $1.05 billion.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor