China ‘Confident’ in Outlook Despite FDI Fall | CHINA US Focus

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China ‘Confident’ in Outlook Despite FDI Fall

By Ding Qingfen
May 16, 2012
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Foreign direct investment fell for the sixth consecutive month in April, while capital flow from the European Union into China continued to drop sharply, according to the Ministry of Commerce.

But the ministry said the drop is temporary and China is "confident" in the long-term FDI outlook.

FDI decreased by 0.7 percent, from a year earlier, to $8.4 billion in April. It fell 6.1 percent in March. This is the longest period of continuous decline in FDI since the financial crisis.

FDI fell 2.4 percent in the first four months, from a year earlier, to $37.9 billion but outbound direct investment grew by 72.8 percent to $23.2 billion.

ODI is expected to register an annual growth rate of 17 percent from 2011 to 2015, reaching $150 billion in 2015, the ministry said on its website on Tuesday. Contracted value for the nation’s engineering projects is expected to reach $180 billion in 2015.

"There are various reasons (behind the drop in FDI)," including a faltering global economy, said ministry spokesman Shen Danyang, at a news briefing on Tuesday.

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