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Foreign investment into China slowed in April, falling 4.3
percent from a year earlier to 59.91 billion yuan, compared to
6.7 percent growth in March. In the first three months of the
year, foreign investment rose 1 percent.
The Chinese government has promised new measures to further open
its economy to foreign investors this year, including easing
limits on investment in banks and other financial institutions.
Foreign investment into China last year rose 4.1 percent but was
less than outbound investment for the first time as capital
outflows put pressure on the government to support the yuan.
Outbound investment has declined sharply this year in the face
of strict controls on funds leaving the country, with inbound
investment for the first four months of the year surpassing
outbound investment by over $15 billion.
China's April non-financial outbound direct investment (ODI)
fell 71 percent from a year earlier to $5.82 billion, according
to Reuters' calculations based on data from the Ministry of
Commerce released Wednesday.
(Reporting by Beijing Monitoring Desk and Elias Glenn; Editing
by Jacqueline Wong)
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