China’s Foreign Direct Investment Drops for a Second Month
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Foreign direct investment in China fell for the second straight month in December as global financial turmoil dimmed companies’ appetite for spending.
Investment from overseas fell 12.73 percent to $12.24 billion last month from a year earlier, the Ministry of Commerce said in a statement in Beijing today. For the full year, spending rose 9.72 percent to a record $116 billion, the data showed. Investment fell 9.8 percent in November, the first decline since 2009.