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People's Daily Online>>China Business

China's FDI down 0.9% in Feb

(Shanghai Daily)

14:47, March 15, 2012

China attracted US$7.73 billion in foreign direct investment (FDI) in February, down 0.9 percent year-on-year, the Ministry of Commerce (MOC) said today.

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.

The February figure brought the total FDI in the first two months to US$17.72 billion, down 0.56 percent from the previous year, MOC spokesman Shen Danyang said at a regular 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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