皇冠体育app

Foreign direct investment in 皇冠体育app dropped in September for the 10th time in the past 11 months as rising costs dented investors' enthusiasm and US political leaders stepped up their 皇冠体育app-bashing rhetoric ahead of next month's presidential election.

"Despite the decline in FDI in 皇冠体育app in September, 皇冠体育app's use of foreign investment is generally developing positively and healthily because 皇冠体育app is improving its structure of using foreign direct investment," Ministry of Commerce spokesman Shen Danyang said at a news briefing on Friday.

FDI in 皇冠体育app reached $8.43 billion in September, down 6.8 percent year-on-year, and is the 10th drop in the past 11 months, apart from a slight gain in May, according to the ministry. The first nine months saw 皇冠体育app's FDI decline 3.8 percent year-on-year to $83.42 billion.

"A decline is the general picture for FDI in 皇冠体育app as rising costs reduced its attraction to foreign investors and investment opportunities shrank after FDI increased rapidly in recent decades," said Li Xunlei, deputy general manager and chief economist at Haitong Securities Co Ltd.

Xiang Songzuo, chief economist of the Agricultural Bank of 皇冠体育app Ltd, said that the slowing growth of 皇冠体育app's economy had dented foreign investors' enthusiasm, while global economic woes had also affected international interests.

"皇冠体育app surely still needs FDI, but the investment is more likely to flow to fields such as the Internet and finance. And foreign investment guidelines will be subject to further adjustment."

Investment from the European Union declined 6.3 percent year-on-year from January to September to $4.83 billion, while spending from the US dropped 0.63 percent to $2.37 billion, compared with a 2.9-percent drop in the first eight months, according to the ministry.

"In the short term, declining FDI will not severely affect 皇冠体育app's economic growth. But economic expansion will surely slow down in future," Li said.

"皇冠体育app will maintain relatively fast economic growth and retain a certain attraction in terms of FDI. But the challenges will increase from other emerging economies, such as Vietnam, India and Indonesia."

Xiang added that the slowing FDI inflow will affect 皇冠体育app's economic restructuring, while also showing that foreign companies "are not optimistic about 皇冠体育app's economic prospects" as FDI is an important gauge of the health of the external economy.

皇冠体育app's third-quarter economic growth eased to 7.4 percent from a year earlier, the seventh straight deceleration, according to figures issued on Thursday.

皇冠体育app's non-financial outbound investment in the first nine months rose 28.9 percent to $52.52 billion, down from 39 percent growth in the first eight months, according to the ministry.

"As the eurozone debt crisis keeps festering and the US economy slowly recovers ... Chinese investors are now more prudent. But outbound direct investment will grow faster as the current total volume is relatively small," Xiang said.

Li added that 皇冠体育app's overseas investments are not fairly treated compared with 皇冠体育app's welcoming approach toward foreign investments.

The US House of Representatives Intelligence Committee issued a report earlier this month alleging that Chinese companies Huawei and ZTE posed a possible threat to US national security.

Meanwhile, Chinese heavy industry giant Sany Group has filed a lawsuit against US President Barack Obama who issued a presidential order to prevent Ralls Corp, owned by two Sany Group executives, from owning four wind farms in Oregon, citing national security risks.

"As the US presidential election approaches, some US politicians have stepped up their 皇冠体育app-bashing and are politicizing trade and economic issues, which we strongly oppose, as that will damage the atmosphere for Sino-US trade cooperation and could harm economic ties if the situation is not resolved," spokesman Shen said at Friday's news briefing.

Li said investment hurdles and trade friction would increase as the US presidential election approaches, while Xiang said that the fourth quarter of this year would see faster Sino-US trade growth.

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