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China's FDI slides 0.3% in Jan

Feb. 20, 2012 (China Knowledge) - China's foreign direct investment or FDI reached US$10 billion in January, down 0.3% from a year earlier, according to statistics released by the Ministry of Commerce, or MOC.

The FDI for January declined 12.7% year on year to US$12.2 billion last December or fell for the third straight month in the global sluggish economy, said MOC last Thursday.

FDI from the European Union into China declined 42% year on year to US$452 million, from the U.S. rose 29% to US$342 million and up less than 1% to US$8.59 billion from Asia.

MOC also indicated that China's investment environment may improve this year with steady fast growth in consumption.

Outbound direct investment or ODI in China last month stood at US$4.4 billion, reflecting a jump of 60%.

In 2011, China attracted actual FDI of US$116 billion, 9.7% more than in the previous year. MOC has targeted an average FDI of US$120 billion in each of the next four years.

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