Foreign Companies Slow Down Investments in China

Foreign direct investment in China has slowed down from July to August this year, reports the Wall Street Journal.

 

Quoting the Ministry of Commerce, the Journal notes that the country received US$7.6 billion in foreign direct investment in August, up 1.38% from a year earlier, the Ministry of Commerce said. That compared with FDI of $6.92 billion in July, which represented year-on-year growth of 29.2%, a sharp slowdown from June's 39.6% growth.

 

In recent months, foreign companies have expressed dissatisfaction on China's rules and regulations. But it is unclear whether this sentiment has anything to do with the slowdown in the FDI figures.

 

Repeatedly stressing that the country is open to foreign firms, the government has said it will direct investments toward high-end manufacturing, services, and new energy and energy-saving industries.

 

 

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