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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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza