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Foreign investment in China slows in April

Foreign investment in China slows in April

Foreign investment in China slowed in April as the government tried to cool an overheated economy.
The Commerce Ministry said Tuesday that foreign direct investment rose by 15.2 percent to $8.5 billion. That was less than half of March's rapid 32.9 percent growth rate.
The slowdown came as Beijing tightened investment curbs in an effort to cool an economy that grew by 9.7 percent in the first quarter of the year.


Updated : 2021-05-09 04:57 GMT+08:00