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Foreign direct investment declines 20.6% in Q1

(Xinhua)
Updated: 2009-04-16 08:47

BEIJING -- Foreign direct investment (FDI) in China posted a 20.6 percent year-on-year decline in the first quarter to US$21.78 billion, the Ministry of Commerce announced Wednesday.

In March, FDI was US$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.