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China's utilized FDI down 0.24% in Oct

Nov. 21, 2012 (China Knowledge) - China's utilized foreign direct investment or FDI decreased 0.24% YoY to US$8.31 billion in October this year, according to latest statistics released by the Ministry of Commerce.

Last month, the country approved 1,996 units of foreign-invested firms, reflecting a YoY increase of 1.8%.

In the first ten months of this year, the country's utilized FDI dropped 3.45% from a year earlier to US$91.74 billion. The number of newly-approved foreign-invested firms reached 20,021 units for the period, down 10.5% YoY.

From January to October, the country's utilized FDI in real estate industry and service industry decreased 6.14% and 1.8% from a year earlier, respectively.

Utilized FDI from the 27 European Union member countries drop 5% than a year earlier to US$5.24 in the ten-month period. However, utilized FDI from U.S and Japan increased 5.3% and 10.9%, respectively.

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