China's foreign direct investment (FDI) dropped 9.76 percent year on year to $8.76 billion in November, said the Ministry of Commerce (MOFCOM).
The number of foreign-invested companies approved by the Chinese Government in November also dropped 12.91 percent from a year earlier to 2,718, according to the MOFCOM.
The weakened FDI in November was largely affected by gloomy economic growth in the United States and debt woes in the EU, said Shen Danyang, a MOFCOM spokesman.
The November figure brought the total FDI in the first 11 months to $103.77 billion, up 13.15 percent year on year.
During the same period, the government approved the establishment of 25,086 foreign-invested companies, up 3.23 percent year on year. |