June FDI hit a new 11-month high

The Ministry of Commerce spokesman Yao Jian yesterday in a routine press conference, said the first half of the actual use of foreign investment (FDI) down 17.9% per cent. FDI was 8.96 billion U.S. dollars in the month of June, down 6.8% from a year earlier.　　In absolute terms, it was the highest in the last 11 months. Negative growth for 9 consecutive months was the 9th consecutive month of negative growth in foreign direct investment, but the decline was significantly reduced from 17.81% in May. Last June, FDI amounted to $9.61 billion trillion, the second highest in 2008.　　Therefore, in the case of a high base last year, FDI in June this year remained negative. Since the second quarter, FDI ended the first quarter of the trend, month by year. In the past year, the lowest one months of FDI appeared last November.　　This shows that China's FDI has gotten rid of the low point and started to stabilize. Zhang Ming, deputy director of the international Financial Room of the Institute of World Economics and Political Sciences, said yesterday the June high jump said that with the introduction and implementation of China's stimulus package, the rebound in economic indicators in the two quarter, foreign-funded enterprises have increased confidence in the Chinese economy, but also from the June foreign exchange reserves, some short-term international capital inflows　　, not excluding the entry through FDI. Proportion of China's FDI share or rise Zhan, director of the Investment and Enterprise Division of the United Nations Conference on Trade and Development, said 4th this month that global FDI has plummeted since the four quarter of last year, after the financial crisis.　　FDI is expected to continue to decline this year, with a drop of around 50%.　　Yao said yesterday, China's overall absorption of foreign investment situation, especially the performance of the manufacturing sector is good. Zhang said that in spite of the decline in the global FDI trend, China's share of the total is expected to rise, although its size has declined.