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Growth in foreign investment in China slows

Growth in foreign investment in China slows

Growth in China's foreign direct investment slowed further in June as the government tried to cool its overheated economy.
The Commerce Ministry said Friday that foreign investment in factories and other assets rose 2.9 percent over a year earlier to $12.8 billion.
Growth was down sharply from May's 13.4 percent rate. The decline followed repeated interest rate hikes and other government efforts to cool economic growth that hit 9.5 percent in the latest quarter.


Updated : 2021-10-27 18:26 GMT+08:00