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China's utilized FDI down 1.4% in Aug

Sep. 19, 2012 (China Knowledge) - China's utilized foreign direct investment or FDI decreased 1.43% YoY to US$8.33 billion in August this year, according to latest statistics released by the Ministry of Commerce.

The figure for last month was higher than US$7.58 billion it realized in July 2012.

In the first eight months of this year, the country's utilized FDI dropped 3.4% from a year earlier to US$74.99 billion. The number of newly-approved foreign-invested firms for the eight-month period was 15,777, down 12.38% from the same period of last year.

China saw utilized investment from Asian countries decreased 5% YoY during the eight-month period, and those from the 27 European Union (E.U.) member countries dropped 4.1% YoY. Meanwhile, utilized foreign investment from the U.S. decreased 2.85% from a year earlier.

From January to August, China's overseas direct investment (ODI) in the non-financial sectors surged 39.4% YoY to US$47.7 billion.

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