Foreign direct investment flows into China at $8.38bn in August

China attracted USD 8.38 billion through Foreign Direct Investment (FDI) in August, up 0.62 percent year-on-year but lower than July figures, the Ministry of Commerce (MOC) said. The increase was down sharply from a 24.13 percent jump in July and 20.12 percent growth in June, but higher than May's growth rate of 0.29 percent, the data released by the Ministry said. In the first eight months of the year, China's FDI inflow totalled USD 79.77 billion, up 6.37 percent from the same period last year, despite the slowdown of the economy, MOC spokesman Shen Danyang told media here. Meanwhile, Chinese investment in overseas non-financial sectors rose 18.5 percent to USD 56.5 billion in the first eight months, the ministry said.