Beijing: Foreign direct investment (FDI) into China fell for a sixth straight month in April amid global economic downturn causing concern in the world's second largest economy.
In year-on-year terms, FDI edged down 0.74 percent to USD 8.4 billion in April, following a 6.1 percent drop in March, 0.9 percent decline in February and 0.3 percent fall in January, the Chinese Ministry of Commerce (MOC) said on Tuesday.
The country received USD 37.88 billion of FDI in the first four months, down 2.38 percent from a year earlier, MOC spokesman Shen Danyang told at a press conference at Beijing.

Investment from the debt-ridden European Union plunged 27.9 percent in the January-April period from a year ago, he said.
However, that from the US and Japan climbed 1.9 percent and 16 percent, respectively, Shen said.
China has approved the establishment of 7,016 foreign-invested companies in the first four months, down 13.94 percent from a year ago.
However, as investment into China drops, the country's outbound investment has surged, Shen added.
The country's non-financial overseas direct investment totalled USD 23.16 billion in the first four months, up 72.8 percent from a year earlier.



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