Foreign investment cools off
(03-16 12:13)
Foreign direct investment fell 15.8 percent last month from a year earlier, Beijing said.
Investments last month by foreign businesses, not including financial institutions, reached US$5.83 billion (HK$45.47 billion), the Commerce Ministry said.
The number of newly-established firms declined by 13 percent to 1,265, spokesman Yao Jian said.
Foreign direct investment in the first two months of the year totalled US$13.37 billion, down 26.23 percent over the same period last year.
The figure has been under pressure in recent months amid the global financial crisis.
Foreign direct investment rose 23.6 percent last year to US$92.4 billion compared with 2007, state media reported in January.
Such investment is one of the factors driving the rapid growth of China's foreign exchange reserves, which topped US$1.95 trillion at the end of December.
AGENCE FRANCE-PRESSE |
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