China's 2005 FDI continues to fall

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.