CHINA-ECONOMY: FDI DROPS
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According to figures released by the Ministry of Commerce on December 13, Foreign Investment in China fell sharply in November as concerns over the tariff battle between China and the United States hit investor confidence. Foreign Direct Investment (FDI) in the month fell 27.6 per cent year on year to US$13.6 billion. The slide came despite Beijing making the stabilisation of foreign investment one of its top economic policy priorities. Although even before November, the FDI growth rate had being slowing for the past three months, hitting a four-month low of 7.3 per cent in October.
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