BEIJING: China’s foreign direct investment (FDI) plunged for the fourth straight period on a cumulative basis in October, underscoring investor caution as the world’s second-largest economy cools.
China drew US$95.9 billion in foreign direct investment (FDI) in the first 10 months of 2014, the Ministry of Commerce said on Tuesday, down 1.2 per cent from a year earlier.
In October alone, the country attracted US$8.5 billion in FDI, up 1.3 per cent from a year earlier, the ministry said.
Investment flows into China are an important gauge of the health of the world economy and is also a good indicator of where capital is flowing within the country.
