China FDI flows fall for 6th mth in Apr

The country received USD 37.88 billion of FDI in the first four months,down 2.38 per cent from a year earlier,MOC spokesman Shen Danyang told at a press conference here.

Investment from the debt-ridden European Union plunged 27.9 per cent in the January-April period from a year ago,he said.

However,that from the US and Japan climbed 1.9 per cent and 16 per cent,respectively,Shen said.

China has approved the establishment of 7,016 foreign-invested companies in the first four months,down 13.94 per cent from a year ago.

However,as investment into China drops,the country8217;s outbound investment has surged,Shen added.

The country8217;s non-financial overseas direct investment totalled USD 23.16 billion in the first four months,up 72.8 per cent from a year earlier.