FDI growth slowing

The Ministry of Commerce reported China's direct foreign investment grew 11.3% in the first five months of the year, indicating a marked slowdown in FDI growth compared to the same period last year when it grew by 48%. FDI for 2004's first five months was US$25.91 billion. The ministry did not give May figures, but subtracting the first four months indicates May FDI was US$6.29 billion, a 15% increase over May 2003.