China sees FDI drop slightly in first seven months

Realized foreign direct investment (FDI) to China dropped by 1.16 percent year-on-year in the first seven months to 32.7 billion U.S. dollars, the Ministry of Commerce said on Tuesday.

The drop was a little steeper in July - realized FDI was down 5.49 percent on July last year to 4.28 billion U.S. dollars, said the ministry.

The Chinese government approved 22,772 new foreign-financed ventures in the Jan.-July period, down 7.63 percent compared with a year ago.

In the first seven months, the ten countries and regions that invested the most in the Chinese mainland were Hong Kong, the British Virgin Islands, Japan, the Republic of Korea, the United States, Germany, Singapore, Taiwan, Cayman Islands and Samoa.

Investment from these ten accounted for over 80 percent of total realized FDI in the Chinese mainland in the first seven months.

Source: Xinhua