China’s foreign direct investment (FDI) is on course to exceed US$100 billion by the end of the year, despite the successive yearly declines since 2009 that ran through October, Reuters reported. The Commerce Ministry said on Tuesday that China attracted US$91.7 billion in FDI in the first ten months of the year, a year-on-year decrease of 3.45%. It was the 10th month that total year-to-date flows declined compared with the same period last year. “We can see that there are still many uncertain factors weighing on the global economy and the most severe aspect is the weak world demand,” said Shen Danyang, a ministry spokesman. However, China is on track to draw more than US$100 billion FDI for the third year in a row, according to the United Nations Conference on Trade and Development.
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