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China’s FDI dips for 4th time, $95.9b in 10 months show 1.2% decline

China’s FDI dips for 4th time, $95.9b in 10 months show 1.2% decline

BEIJING: China’s foreign direct investment (FDI) plunged for the fourth straight period on a cumulative basis in October, underscoring investor caution as the world’s second-largest economy cools.

China drew US$95.9 billion in foreign direct investment (FDI) in the first 10 months of 2014, the Ministry of Commerce said on Tuesday, down 1.2 per cent from a year earlier.

In October alone, the country attracted US$8.5 billion in FDI, up 1.3 per cent from a year earlier, the ministry said.

Investment flows into China are an important gauge of the health of the world economy and is also a good indicator of where capital is flowing within the country.