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: Asia Business IntelligenceAnother Large Drop in Foreign Direct Investment in China
Not surprisingly, the Chinese Ministry of Commerce announced today that
Investment declined 35.7 percent from a year earlier to $5.36 billion, the Commerce Ministry said at a briefing in Beijing today. That compared with a 6.76 percent drop in June.
Creatively spinning this data -- which, as with most Chinese statistics, likely represent an optimistic representation -- Commerce Ministry spokesman and advance man for the investment roadshow, Yao Jian, said:
?China?s FDI is still healthy compared to the global slump in investments...We can say that China is one of the most attractive places for investments.?
Full post as published by Asia Business Intelligence on August 17, 2009 (boomark / email).
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