Foreign direct investment falls 1%

China’s foreign direct investment (FDI) fell 1 percent in May from a year earlier to 56.77 billion yuan, or $8.89 billion, the Commerce Ministry said.
This is the first year-on-year decline since December, when FDI dropped 5.8 percent from the year ago month.
FDI rose 3.8 percent in January-May from a year earlier to 343.55 billion yuan, or $54.19 billion, the ministry said in a statement.
Earlier data showed FDI gained 6 percent in April from a year earlier, following a rise of 7.8 percent in March.
The ministry has started releasing yuan-denominated FDI since early 2015, along with equivalent dollar figures based on its own conversion.
Foreign investment in the services sector rose 7 percent in January-May to 241.8 billion yuan, or $38.2 billion, accounting for 70.4 percent of all FDI, said the ministry.

Source: Arab News