June FDI growth rate slows to 2.8%

Short-term fluctuations distort overall picture, ministry says

BEIJING - Growth in China's foreign direct investment (FDI) for June dropped to 2.8 percent, the lowest rate since last September, as investment from the United States declined and the European Union slowed, according to the Ministry of Commerce.

But Yao Jian, spokesman for the ministry, said China will remain an attractive destination for global FDI in the mid- and long-term and there is no sign of a sharp drop coming.