Foreign direct investment in China rises in the first eight months of the year

Foreign direct investment in China rises in the first eight months of the year

China's Ministry of Commerce said today that foreign direct investment in China in the first eight months of this year rose 22.3% to 758.05 billion yuan ($117.7 billion) over the same period last year. Ministry spokesman Xu Guoting told a press conference that outbound non-financial direct investment (ODI) for the January-August period fell 1.3% to 459.11 billion yuan over the same period last year.

Chinese stock indices are down more than 1% today with the CSI300 Super Index down 1.2% to 4807.70 points and the Shanghai Composite Index down 1.3% to 3607.09 points with Hong Kong-listed China Evergrande shares dropping 6.4% to their lowest in a decade.