World Economy

China FDI Growth Slows

China FDI Growth SlowsChina FDI Growth Slows

Growth in foreign investment into China slowed in October, the government said on Tuesday, amid a slowdown in the world’s second-largest economy and concerns over business risks, Channel NewsAsia reported. Foreign direct investment (FDI) – which excludes financial sectors – totaled $8.53b for the month, the commerce ministry said, up 1.3% year-on-year. The figure compares with a gain of 1.9% in September, which came after a four-year-low in August of $7.20b. For the first 10 months of 2014, FDI amounted to $95.88b, the ministry said, a decline of 1.2% year-on-year. China has in recent months launched anti-monopoly, pricing and other inquiries into foreign firms products.