FDI in China drops in April
Figures released by the China's Ministry of Commerce show that foreign direct investment (FDI) in China fell 27% to $4.1 billion in April. Experts, however, indicate that this does not mean China is losing its attractiveness to foreign investors. In January-April 2005 period, China's FDI amounted to $17.5 billion, an increase of 2.24% year on year. Ministry attributes the slowdown in growth rate to a number of factors. Government's measures to cool down certain overheated industries such as steel, cement and aluminum affected the FDI growth. With $60.6 billion, China was the second largest foreign investment area in the world last year.