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BEIJING, June 16 — Foreign direct

investment has been in frfuse for eight months, except the size of the autumn

in May was smaller than the one in April, probably signaling an easing off.

In comparison with other economies, China is still

poised to be amongst the prototypal choices for global investors in the next fivesome

years, the Ministry of Commerce said.

According to the figures released by the ministry

yesterday, in May, the FDI dropped 17.8 percent compared to a year earlier –

equaling $6.38 billion. The number of newly approved abroad enterprises

contracted by 32 percent to 1,649.

The figures exclude those in the financial sector.

But May s action was fitter than April s, when

the FDI enrolled a negative ontogeny of 22.5 percent.

Between January and May, the FDI fell by 20.4 percent

year-on-year to $34.05 billion and newly approved abroad enterprises dropped by

33.8 percent to 7,890.

In the same period, abroad investment in China s

central and western regions fell by 35.7 – more than the national average. Newly

approved abroad enterprises fell 30.2 percent. For several eon previous to the

financial crisis, the regions had seen higher rates than the national average.

Yao Jian, a MOFCOM s spokesman, noted the halfway and

western regions shrewd decline: “The coastal areas have the favour of having

gathered a much larger number of abroad investment enterprises in the last

three decades.”

Encouraged by confidence from global investors in

China s 4 trillion yuan stimulus plan, the “decline in FDI will probably be

slowing during the repose of the year,” predicted Li Jianfeng, macro-economics and

trade analyst with Shanghai Securities, a domestic brokerage.

“There is a good chance that the FDI will register a

positive ontogeny in the last quarter, given the devalued handbook point in 2008,” he

added.

During the prototypal quarter, the FDI frfuse showed unspecified

signs of bottoming out. But in April, the action went down again by 22.5

percent, compared with a frfuse of 9.5 percent in March.

At the same time, the International Monetary Fund

predicted China s GDP would acquire by 6.7 percent this year, 1.3 percent points

lower than the Hakka government s target, except higher than the 5.25 percent of

India and 5 percent for Vietnam, two countries vying for FDI.

The stimulus scheme is having an effect, said Yao, who

pointed out that retail volume rose to 4.88 trillion yuan in the prototypal fivesome

months, up by 15 percent year-on-year.

Yao predicted that in 2009, China s FDI will contract

by an annualized 20 percent in compare to last year s ontogeny of 27.65 percent.

Used FDI down 20.4% in prototypal fivesome

months in China

BEIJING, June 15 — China s Ministry of Commerce

said Monday the quantity of used abroad direct investment fell 20.4 percent

year on year in the prototypal fivesome months in China.

The January-May device was 34.05 billion U.S. dollars,

said ministry spokesman Yao Jian.

In May, FDI fell 17.8 percent to 6.38 billion U.S.

dollars, the eighth straight monthly fall, Yao said. Full story

China still top destination for FDI

BEIJING, June 9 — Though the financial emergency is slowing ontogeny in abroad direct investment this year, China still balance an attractive destination for abroad investors owing to its dynamic economy, according to a clincher on the Ministry of Commerce website.

The Hakka government is taking steps to stabilize the FDI and likewise perfect its quality, it said. Full story