Foreign direct investment in China declines 20.6 percent

By IANS,

Beijing : Foreign direct investment (FDI) in China posted a 20.6 percent year-on-year decline in the first quarter to $21.78 billion, the ministry of commerce announced Wednesday.

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In March, FDI was $8.4 billion, down 9.5 percent from a year earlier, ministry spokesman Yao Jian said at a news conference.

The fall was the sixth consecutive month that FDI has dropped. But the data show an improvement from the 15.81 percent drop in February and 32.67 percent drop in January.