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MOFCOM: China’s FDI Inflow At USD 8 Bn In April, Down 0.74% YoY

Source: Ministry of Commerce, ChinaScope Financial (Data)

+ According to the Ministry of Commerce (MOFCOM), China's net inflow of FDI decreased 0.74% to USD 8 billion in April, the sixth month in a row with year-on-year decreases.

+ From January to April 2012, the accumulative net inflow of FDI amounted to USD 37.9 billion, down 13.94% year-on-year.

+ China's outward FDI, however, increased rapidly this year, driven by the higher CNY exchange rate and lower foreign asset prices. From January to April, Chinese non-financial companies invested a total of USD 23.16 billion in 1445 overseas projects in 109 different countries.

While the growth of FDI coming into China is slowing down, outward investment growth is picking up. In the first four months of 2012 incoming FDI from EU 27 decreased 27.9% YoY, from US increased 1.9% YoY, while that from other Asian countries remained almost unchanged growing at 0.6% YoY.