BEIJING -- Foreign direct investment in China plummeted 56% on the year in the first quarter of this year, according to the official data released Friday, underscoring global businesses' reluctance to pour money into an economy grappling with weak internal demand.
Economy
China suffers 56% drop in foreign investments on weak domestic demand
Tensions with U.S. and anti-espionage law give multinationals pause
Foreign multinationals are less willing to invest in China due to the weaker prospects of economic growth. © Reuters
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