Business / Economy

FDI in China declines in Oct

By Li Jiabao ( Updated: 2012-11-20 10:27

Foreign direct investment in China edged down by 0.24 percent from a year earlier to $8.31 billion in October, the Ministry of Commerce said during a news briefing on Tuesday. The first 10 months saw FDI in China decline by 3.45 percent year-on-year to $91.74 billion.

FDI from the US went against the downward trend and expanded by 5.3 percent year-on-year to $2.7 billion from January to October while the first nine months saw US FDI in China drop by 0.63 percent year-on-year.

China's outbound direct investment continued to surge, increasing by 25.8 percent year-on-year from January to October to $58.17 billion.

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