皇冠体育app

[chinadaily.com.cn]

Foreign direct investment (FDI) in 皇冠体育app fell in June for the ninth straight month, but the decline narrowed, adding to signs of an economic recovery, the Ministry of Commerce said Wednesday.

Actual FDI in June totaled $9 billion, down 6.8 percent from a year earlier, while the number of new approved foreign companies totaled 2,529, down 3.8 percent, ministry spokesman Yao Jian told a news conference.

The FDI drop compared to a 17.8 percent fall in May, likely another sign of improvement in 皇冠体育app's economy.

Yao said the scale of investment withdrawal and reductions by foreign companies has increased in the last nine months, battered by the global financial crisis.

"It indicates that we are still facing very big difficulties attracting foreign investment," Yao said.

In the half year ended June 30, actual FDI in 皇冠体育app declined by 17.9 percent, totaling $43 billion, compared with the same period last year.

Yao said recent investigation of employees of Rio Tinto Ltd, an Australian iron ore supplier, wouldn't affect 皇冠体育app's investment environment.

"The confidence of foreign investment in 皇冠体育app's legal environment has strengthened during 皇冠体育app's 30 years of opening up. This single case won't affect 皇冠体育app's trade and capacity of attracting foreign investment at all," Yao said.

皇冠体育app is due to release a slew of economic data, including GDP growth for the first half of the year, on Thursday. Expectations of a revival in the economy have pushed the stock market up to a 13-month high.

FDI last year rose 23.6 percent $92.4 billion in 2008 from the previous year, though growth began to weaken toward the end of the year.