Arab Today, arab today foreign investment in china falls again in november
Last Updated : GMT 12:05:22
Arab Today, arab today
Arab Today, arab today

Foreign investment in China falls again in November

Arab Today, arab today

Arab Today, arab today Foreign investment in China falls again in November

Beijing - AFP

Foreign direct investment in China fell in November for a sixth straight month, the government said Tuesday, with the outlook expected to remain weak in 2013 due to global uncertainties. Overseas companies invested $8.29 billion in factories and other projects in China last month, down 5.4 percent from a year ago, commerce ministry spokesman Shen Danyang said at a regular news conference. The drop added to a long downward trend that began in November 2011. FDI has declined every month since then except for May, when it eked out a marginal 0.05 percent gain. For the first 11 months of the year, FDI was down 3.6 percent year on year at $100.02 billion, Shen said. The government has blamed the slump on the slowdown in global economic growth, the prolonged European debt crisis, and rising costs and weak demand at home. \"In 2013, the size of China\'s FDI will remain stable and will not fall sharply,\" Shen said. \"But the general environment will remain severe due to external uncertainties.\" China, the world\'s second-largest economy, was once a magnet for foreign investment, but the weak global economy as well as the Asian giant\'s own woes have curbed enthusiasm. The Chinese economy has slowed for seven consecutive quarters, expanding 7.4 percent in the three months ended September 30, its worst performance since the first quarter of 2009. Economic indicators for the current fourth quarter including manufacturing activity, industrial production and retail sales have shown improvement, however, leading to optimism that economic growth could be set to improve. Investment from countries in the debt-laden European Union decreased 2.9 percent on year in the January-November period to $5.81 billion, according to the ministry\'s data. Bucking the downward trend, however, was investment from the United States, which increased 6.3 percent to $2.91 billion in the same period. In contrast, China\'s investment abroad has surged sharply this year after slowing in 2011 owing to a weak global economic recovery and financial turmoil in Europe and the United States. Outbound direct investment in non-financial sectors in the first 11 months of 2012 totalled $62.5 billion, up 25 percent from the same period last year, Shen said. In 2011, the figure stood at $60.1 billion, up just 1.8 percent year on year, previous official data showed. China has set goals to increase overseas direct investment at an average annual rate of 17 percent through 2015 to $150 billion by then.

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 foreign investment in china falls again in november Arab Today, arab today foreign investment in china falls again in november

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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