Arab Today, arab today chinese foreign direct investment dips by 73
Last Updated : GMT 14:16:36
Arab Today, arab today
Arab Today, arab today

GDP growth ends 7-month decline

Chinese foreign direct investment dips by 7.3%

Arab Today, arab today

Arab Today, arab today Chinese foreign direct investment dips by 7.3%

Commerce Ministry officials acknowledged the fall was ‘not small’
Beijing – Arabstoday

Commerce Ministry officials acknowledged the fall was ‘not small’ Beijing – Arabstoday Foreign direct investment in China declined in January, official data showed on Wednesday, extending a downward trend after falling on an annual basis in 2012 for the first time in three years.
FDI, which excludes financial sectors, fell 7.3 percent from the year before to $9.27bn, the Commerce Ministry announced. It was also down from December's $11.7bn.
The comparison with January 2012 is affected by seasonal factors as China's annual Lunar New Year holiday fell in that month but came in February this year. But as there were more business days in January 2013 the year-on-year decline underscores the weakness.
China takes a week off during the annual holiday, the country's biggest, as hundreds of millions of people travel back to their hometowns for celebrations.
Commerce Ministry spokesman Shen Danyang acknowledged the decline was "not small," but stressed that the number of foreign companies newly investing in China rose 34.3 percent to 1,883 during the month.
The Ministry announced last month that FDI in China declined for the first time in three years in 2012 amid economic turmoil in developed markets and a prolonged slowdown at home.
But China's economy has been showing renewed vigour since late last year, with GDP growth accelerating in the final three months of 2012 to 7.9 percent, snapping seven straight quarters of weakening expansion.
The world's second-largest economy grew at its slowest pace in 13 years in 2012, expanding 7.8 percent from the year before.
The Ministry also said Wednesday that Chinese direct investment overseas maintained its upward trend in January, increasing 12.3 percent to $4.91bn from the same month the year before.
Chinese direct investment overseas surged almost 30 percent in 2012 from the previous year as firms increasingly look to expand abroad.
Source: AFP
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese foreign direct investment dips by 73 Arab Today, arab today chinese foreign direct investment dips by 73

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese foreign direct investment dips by 73 Arab Today, arab today chinese foreign direct investment dips by 73

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday