Market Currents
Foreign direct investment in China -8.7% Y/Y in July to $7.58B, the 8th drop in nine months and...
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Thursday, August 16, 2012, 2:58 AM ETForeign direct investment in China -8.7% Y/Y in July to $7.58B, the 8th drop in nine months and hitting the lowest level since July 2010. Financial institutions sold a net 3.8B yuan ($600M) of foreign currency, indicating capital is flowing out the country. In H2, "China’s foreign trade and export situation will be more grim, there will be more difficulties, harder tasks," says a commerce ministry spokesman.
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