Foreign Direct Investment (FDI) into China dropped for a fifth straight month in March on a slowing economy, limited yuan gains and renewed concerns about Europe’s debt crisis.
China received US$11.76bn as FDI in March, down 6.1% compared to the year-ago period, according to data released today. The inflow was greater than the US$7.7bn FDI in February. FDI had dropped 0.9% in the previous month but was up 32.9% in March last year.
FDI inflows in the first three months of 2012 stood at US$29.5bn, down 2.8% from a year earlier after jumping by 29.4% in the first quarter of last year.
FDI into China rose to a record US$116bn in 2011.