e-magazine
People's Democracy
A retrospective on the transformation of China's legislature into a mature political system with Chinese characteristics
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Sci-Tech
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 39, 2014> ECONOMY
UPDATED: September 19, 2014 NO. 39 SEPTEMBER 25, 2014
FDI Drops
Share

Foreign direct investment (FDI) into the Chinese mainland dropped 14 percent in August from a year earlier, settling at $7.2 billion, the Ministry of Commerce (MOFCOM) said on September 16.

The data, following a 17-percent slump in July, marked the lowest volume in nearly five years. It is a sign that investors are growing more cautious over the softening of the world's second largest economy.

For the first eight months, FDI, which excludes investment in the financial sector, stood at $78.34 billion, down 1.8 percent from the same period last year, the ministry said.

In response to a question on whether foreign capital is leaving China, MOFCOM spokesman Shen Danyang said there are no current statistics to support that claim.

"We are still analyzing related investment and trade flows. Currently, there are no abnormal changes," he noted.

FDI from major economies slipped, including a 16.9-percent drop from the United States and a 17.9-percent fall from the European Union. Investment from Japan went down 43.3 percent to $3.16 billion in the first eight months.

In contrast, China's outbound FDI by non-financial firms surged 112.1 percent to $12.62 billion in August. For the January-August period, outbound FDI totaled $65.17 billion, up 15.3 percent.



 
Top Story
-Alibaba IPO Looms
-A Conflict of 'Interest'
-The Dark Side of the Lending Spree
-Change or Die
-Premier Says China Can Hit Major Economic Targets
Most Popular
在线翻译
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved