China’s November FDI down 9.76 % to $8.76 billion

Foreign direct investment (FDI) inflows to China for November fell 9.76 per cent year-on-year to $8.76 billion, the Chinese Ministry of Commerce (MOC) said today.

China approved the setting up of 2,718 foreign-invested companies, down 12.91 per cent in November from a year earlier, said ministry spokesman Shen Danyang.

The total FDI for 11 months as of November end rose 13.15 per cent year-on-year at $103.77 billion.

During the same period, it approved the establishment of 25,086 foreign-invested companies, up 3.23 per cent year-on-year, said Shen.

Shen said that the FDI in China retained momentum in the first 11 months, though the figure in a single month could be affected by the progress of certain projects.

He said the country will maintain its advantage for attracting foreign investment in the long run, because "with the steady and relatively rapid growth of China's economy, the country's market potential is progressively being unleashed, industrial supporting capabilities are increasingly strengthened and the environment for foreign investment has been constantly improving. China's long term is coming into being."