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China's FDI inflow drops 6.9% in June


13:14, July 17, 2012

BEIJING -- The foreign direct investment China attracted in June stood at $12 billion, down 6.9 percent from a year earlier, the Ministry of Commerce said Tuesday.

The figure took the country's first-half FDI inflow to $59.1 billion, down 3 percent year-on-year, MOC spokesman Shen Danyang said at a news conference.

Investment from the debt-ridden European Union rebounded one percent in the first half from a year ago, Shen said.

From January to May, investment from the EU declined 5.1 percent, according to the MOC data.

It showed that a total of 2,444 new companies were founded with foreign capital in June, down 16.3 percent year on year.

During the first six months, 11,705 new companies were set up, 13.1 percent fewer than in the same period last year.


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