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China's utilized FDI down 6.1% in Mar

Apr. 17, 2012 (China Knowledge) – China's utilized Foreign Direct Investment or FDI reached US$11.76 billion for the month of March, a decrease of 6.1% year on year, reflecting a decline for the fifth consecutive month, according to statistics released by the Ministry of Commerce.

In the first three month of this year, the country's total utilized FDI declined 2.8% year on year to US$29.48 billion.

The manufacturing sector utilized US$13.09 billion worth of foreign direct investment, down 4.69% year on year. The service sector saw its utilized FDI fall 2.5% to US$14.03 billion.

Utilized FDI from the 27 European Union member countries drop 31.2% than a year earlier to US$1.41 in the three-month period. However, utilized FDI from U.S and Japan increased 10.1% and 13.2%, respectively.

From January to March, China's central region utilized US$24.79 billion of foreign direct investment, a growth of 20.72% year on year, while the utilized FDI in eastern region and western region fell 3.66% and 14.38% year on year to US$25 billion and US$2 billion, respectively.

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