Antitrust probes 'won't deter investors'
Updated: 2014-08-19 07:22
By Li Jiabao(China Daily)
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Lu Jinyong, director of the China Research Center for FDI at the University of International Business and Economics, said antitrust investigations will affect FDI inflow in coming months, but not heavily.
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"Chinese market and business opportunities remain attractive to transnational corporations," Lu said.
"The slowdown in FDI this year was caused by China's slowed economic growth as a result of economic restructuring, inactive cross-border FDI amid a slow world economic recovery, a changing investment environment at home-including rising costs, vanishing preferences and increased competition."
From January to July, investment from Britain rose by 61.2 percent year-on-year to $730 million and that from South Korea by 34.6 percent to $2.92 billion.
Investment from Japan plunged by 45.4 percent to $2.83 billion as Sino-Japanese ties remained strained.
FDI from the United States fell by 17.4 percent to $1.8 billion in the same period, while that from the European Union dropped by 17.5 percent to $3.8 billion, the ministry said.
Investment from the Association of Southeast Asian Nations fell by 12.7 percent year-on-year to $4.18 billion.
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