|
BIZCHINA> Top Biz News
![]() |
|
Foreign direct investment in China falls 6.8%
(Agencies)
Updated: 2009-07-15 15:51
Actual FDI in June totaled $9 billion, down 6.8 percent from a year earlier, while the number of new approved foreign companies totaled 2,529, down 3.8 percent, ministry spokesman Yao Jian told a news conference. The FDI drop compared to a 17.8 percent fall in May, likely another sign of improvement in China's economy. Yao said the scale of investment withdrawal and reductions by foreign companies has increased in the last nine months, battered by the global financial crisis. "It indicates that we are still facing very big difficulties attracting foreign investment," Yao said. In the half year ended June 30, actual FDI in China declined by 17.9 percent, totaling $43 billion, compared with the same period last year. Yao said recent investigation of employees of Rio Tinto Ltd, an Australian iron ore supplier, wouldn't affect China's investment environment.
"The confidence of foreign investment in China's legal environment has strengthened during China's 30 years of opening up. This single case won't affect China's trade and capacity of attracting foreign investment at all," Yao said. China is due to release a slew of economic data, including GDP growth for the first half of the year, on Thursday. Expectations of a revival in the economy have pushed the stock market up to a 13-month high. FDI last year rose 23.6 percent $92.4 billion in 2008 from the previous year, though growth began to weaken toward the end of the year. (For more biz stories, please visit Industries)
|
|||||||
千阳县| 怀远县| 花莲县| 丽水市| 万全县| 封丘县| 临猗县| 文安县| 中牟县| 永泰县| 九台市| 遵化市| 鄂尔多斯市| 岢岚县| 扎赉特旗| 红河县| 大余县| 天津市| 孝昌县| 唐河县| 夹江县| 恩平市| 会宁县| 克什克腾旗| 海晏县| 南郑县| 贡嘎县| 高要市| 庆元县| 运城市| 腾冲县| 莱州市| 沾益县| 长子县| 邵阳县| 辰溪县| 桓仁| 拉萨市| 永兴县| 赤壁市| 广灵县|