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Used FDI down 20.4% in first five months in China

(Xinhua)
Updated: 2009-06-15 13:58

China's Ministry of Commerce (MOC) Monday announced that the amount of used foreign direct investment (FDI) fell 20.4 percent year-on-year in the first five months in China.

Related readings:  China still top destination for FDI  Used FDI down 21% in first four months in China  FDI decline 'not cause for concern'  FDI norms look set to be tweaked

The figure from January to May stood at $34.05 billion, said MOC spokesman Yao Jian.

In May alone, the investment dropped 17.8 percent to $6.38 billion, the eighth straight monthly fall, Yao told reporters Monday.