China's 2005 FDI keeps sliding

China’s 2005 FDI keeps sliding

Foreign direct investment (FDI) in China continued to decline during the first nine 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 2.1 percent year on year to $43.3 billion in the first nine months. The ministry said it approved the establishment of 32'223 new foreign-funded companies during the period, up 0.03 percent year on year. The top sources of foreign investment were Hong Kong, Japan and the Virgin Islands.