China’s foreign direct investment fell to a low not seen in at least 2-1/2 years in August, underscoring the challenges to growth facing the world’s second-biggest economy.
The weak investment data came as China’s economic growth appears to be hitting a soft patch after a bounce in June, with indicators ranging from imports to industrial output and investment all pointing to sluggish activity.
China attracted $7.2 billion in foreign direct investment in August, the Commerce Ministry said on Tuesday, down 14 percent from a year earlier and at a level not seen since at least February 2012.
Read Full Article HERE
Xiaoyi Shao and Koh Gui Qing, Reuters via CHINA US Focus http://ift.tt/1qJq16a
No comments:
Post a Comment