评论
打印
Foreign Investment in China Plunges in January
A commerce ministry spokesman says that China's actual use of foreign investment plunged nearly one third year on year to 7.54 billion U.S. dollars in January.
Yao Jian attributed the January decline to the global financial crisis and an unusually high level in the same month of last year. But he said that January's figure is not too disappointing from another perspective.
"The figure of foreign investment in January showed a decline. That's a fact. But we have made a relatively objective comparison. The average monthly foreign investment was 7.7 billion US dollars last year. That's to say, the 7.54 billion US dollars in January is more or less the same as that figure."
Data from the National Bureau of Statistics showed China used 92.4 billion U.S. dollars of foreign investment in 2008, up 23.6 percent from 2007.
But some foreign investors are withholding their money because of the growing global financial crisis.
Despite this situation, economists still predict foreign investment will maintain stable growth this year as China improves legal and government services for investors and the process of urbanization speeds up.
