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Foreign Investment Slumps in China

in International Business

Foreign Investment Slumps in China

Foreign direct investment into China fell 6.9% in June from a year earlier as the economy slows.

China is growing at its slowest pace in three years.

For the first six months of the year, foreign investment declined 3% from a year earlier to $59.1bn, the Commerce Ministry said.

“The pace of the world economic recovery remained slow, and many uncertainties persisted,” said ministry spokesman Shen Danyang.

“In particular, the European Union debt crisis has yet to be resolved.”

Investment from the EU rose 1.6% despite the Eurozone crisis. However, investment from 10 Asian countries, including Japan and the Philippines was down 2.8%, and from the US it fell 3.2% to $1.6bn.

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Foreign Investment Slumps in China

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