Arab Today, arab today china\s fdi inflow fall quickens in nov
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

China\'s FDI inflow fall quickens in Nov

Arab Today, arab today

Arab Today, arab today China\'s FDI inflow fall quickens in Nov

Beijing - QNA

November saw foreign direct investment (FDI) into China fell for the 10th time in 11 months, as labor costs rose and an economic slowdown dragged growth down for seven quarters in a row. The country\'s FDI inflow decreased 5.4% in November from a year earlier, and the pace of drop accelerated from 0.24% in October, according to data released by the Ministry of Commerce on Tuesday. The country\'s FDI inflow has been declining since June, China\'s News Agency (Xinhua) reported. In the first 11 months of 2012, China attracted 100.02 billion U.S. dollars in FDI, down 3.6% year on year, ministry spokesman Shen Danyang said at a press conference. FDI from the United States climbed 6.3% during the January-November period, with that from Japan expanding 11.3% year on year. However, FDI from the eurozone fell 2.9% from one year before.

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