Ministry of Commerce spokesman Yao Jian announced that June’s actual foreign direct investment figure declined 6.8% year-on-year, the Wall Street Journal reported. Yao said that China had attracted just US$8.96 billion in investment in June. Although it was the ninth consecutive month of decline, the drop was much slower than May’s 17.81% contraction, and is being taken as another sign of a rebound in China’s economy. For the first six months of 2009, actual FDI fell to US$43 billion, a 17.9% decline from a year earlier. China’s outward direct investment in non-financial sectors in the first half fell 51.7% from a year earlier to $12.4 billion.
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