Statistics from China’s Ministry of Commerce showed that May was the eighth consecutive month in which foreign investments in China have dropped.
China’s Ministry of Commerce calculated the Foreign Direct Investment [FDI] from January to May this year to be 34.05 billion dollars, a drop of 20.4 percent over the same time period last year. In addition, the number of China’s approved foreign investment enterprises totaled 7890, a drop of 33.8 percent from last year.
According to a Taipei Central News Agency report on June 15, the Xinhua News Agency has quoted the Ministry of Commerce as saying that China’s FDI in May amounts to 6.379 billion dollars, a drop of 17.8 percent from last year.
Statistics also showed that central and western China appear to be more affected by this balance of trade crisis than the well-developed eastern coast. The Ministry of Commerce admited that the FDI dropped 35.7 percent in central China and 30.2 percent in western China, and noted that both statistics are higher than the national average.
Read original article in Chinese.