FDI fall not caused by antitrust probes

It is predictable that many analysts have intuitionally connected the falling foreign direct investment into China in July to the country's recent antitrust probes, in which a number of foreign companies have been investigated.

Although it is the easiest way to explain for the unexpected drop in international capital flows into the world's second-largest economy, such a willful connection is hardly tenable.

Foreign direct investment into China dropped by nearly 17 percent year-on-year to $7.8 billion in July, the lowest level in two years. It fell by a slight 0.35 percent year-on-year in the first seven months combined.