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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Foreign direct investment in China declines AP - Monday, March 16 BEIJING - Foreign direct investment in China fell in February as companies were battered by the global financial crisis but the decline was less severe than in previous months, the Commerce Ministry said Monday. ADVERTISEMENT Foreign companies invested $5.8 billion in China in February, down 15.8 percent from the same month last year, ministry spokesman Yao Jian told reporters. The decline was less severe than January's 32.7 percent decline in foreign investment. Foreign investment for the combined January-February period fell 26.2 percent from the same period last year, Yao said. Data for the combined period often are considered a more accurate gauge of China's economic health because the Lunar New Year holiday, during which companies shut down, falls at different times during those two months. China's trade and foreign investment have weakened sharply since September as the global crisis cut into demand for Chinese goods. Despite the decline, some companies are still expanding operations in China and the government is trying to attract more investment in high-technology areas such as computer chip manufacturing. ___ On the Net: Chinese Ministry of Commerce (in Chinese): http://www.mofcom.gov.cn Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China may have lost $80 bln on foreign equitiesAFP - 1 hour 51 minutes ago China's Geely says to redeem outstanding conv bondsReuters - 2 hours 14 minutes ago Foreign direct investment in China declinesAP - Monday, March 16 China outlines subsidies for rural auto purchasesAP - Monday, March 16 Related Articles: Business RPT-GLOBAL MARKETS WEEKAHEAD-Bear market endgameReuters - 1 hour 24 minutes ago S.Korea Feb import prices gather pace on wonReuters - 1 hour 27 minutes ago Asian markets mostly higher but caution remainsAP - 1 hour 28 minutes ago Hitachi to cut $5.1 bln in costs, shuffle managementReuters - 1 hour 32 minutes ago India cbank offers 582.30 bln rupees at special repoReuters - 1 hour 36 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Arrest warrant issued for Lindsay Lohan Bailed-out AIG plans bonuses worth millions: report For sale: nagging wife, very high maintenance World Bank warns of "very dangerous" year ahead Twin boys for Charlie Sheen and wife View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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