China foreign investment inflow sinks to lowest since November

Enticements yet to pay off with year-to-date figure down 27.9% from 2023

20240524 china fdi

Pedestrians walk in Beijing's Central Business District. Foreign direct investment in China continues to decline. © Reuters

GRACE LI, Nikkei staff writer

HONG KONG -- China's inbound foreign direct investment fell 27.9% on the year in the first four months of 2024, to 360.2 billion yuan ($49.74 billion), showing a turnaround remains elusive amid the sluggish economy.

Only 58.5 billion yuan flowed in for April, down from 86.6 billion yuan in March and the lowest monthly value recorded since November, showed data released by the Commerce Ministry on Friday.

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