China’s ministry of commerce said that foreign direct investment in China fell 5.4% from a year earlier in November, widening from October's drop of 0.24%. The total value of overseas investment stood at USD 8.29 billion, the sixth consecutive month of year on year decline.
In the first 11 months, foreign investors channeled a total of USD 100 billion into China, down 3.6% on an annual basis.
The manufacturing sector absorbed USD 43.9 billion foreign investment during the period, contracting 7.1% annually.
Funds flowing into the service sector dropped 2.5% to USD 47.5 billion, led by an 8.3% cut in investment in the property market. Excluding real estate, investment in the service sector grew 2.8%.
Capital from the 27-member European Union fell 2.9% during January-November, but investment from Germany, the Netherlands and Switzerland bucked the trend by swelling 25.8%, 49.5% and 58.5% respectively.
Investment from Japan rose 11.3% to USD 6.6 billion, and the United States also raised its investment to USD 2.9 billion, up 6.3%
China's non financial outbound direct investment climbed 25% to USD 62.5 billion in the first 11 months. Domestic investors pumped money into 3,596 overseas companies in 130 countries and regions.
