China FDI Growth Slows Down to 0.4 Percent in April

China attracted 8.44 billion U.S. dollars of foreign direct investment (FDI) in April, up only 0.4 percent year on year, the Ministry of Commerce (MOC) said Thursday.

The figure marked a sharp slowdown from the 6.32-percent growth seen in February and 5.65 percent in March.

In the first four months of 2013, FDI inflow to China, which excludes those to the financial sector, grew 1.21 percent year on year to 38.34 billion U.S. dollars, MOC spokesman Shen Danyang said at a press conference.

“We expect FDI to grow steadily this year,” said Shen.

During the January-April period, China approved the establishment of 6,687 foreign-invested enterprises, down 4.69 percent from a year earlier.

via Xinhua

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