China attracted less foreign direct investment in May compared with a year ago, according to new figures, amid concerns among some foreign investors about less-favorable operating conditions in the world’s second-largest economy.
China’s Ministry of Commerce said on Tuesday that foreign direct investment totaled $8.6 billion in May, down 6.7% from a year earlier and also below April’s $8.7 billion figure. FDI in the first five months of the year was still up 2.8% year-over-year, at $48.91 billion.
FDI includes greenfield investment projects, such as newly built factories, as well as mergers and acquisitions. It excludes purely financial or “portfolio” investments in foreign securities. FDI can fluctuate from month to month as individual investment projects are announced.
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Liyan Qi and Richard Silk, The Wall Street Journal via CHINA US Focus http://ift.tt/1oAO7zE
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