China’s 2005 FDI continues to fall
Foreign direct investment in
China continued to decline during the first seven months of the year due to Beijing's measures to cool down certain overheated industries such as steel, cement and aluminum.
Figures released by
China's Ministry of Commerce show that foreign direct investment (FDI) in
China fell 3.42 percent year on year to $33.1 billion in the first seven months.
With $60.6 billion,
China was the second largest foreign investment area in the world last year. The top sources of foreign investment were
Japan, South
Korea, the US,
Taiwan,
Singapore and
Germany.