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Foreign Direct Investment In China Falls 17.8 Pct

Stock quotes in this article: RIO  

BEIJING (AP) — Foreign direct investment in China fell in May for the eighth straight month as the global economic crisis battered trade and corporate finance, the Commerce Ministry said Monday.

Foreign direct investment in May totaled $6.4 billion, down 17.8 percent from the same month last year, while the number of new approved foreign companies reached 1,649, down 32 percent year-on-year, ministry spokesman Yao Jian said at a news conference.

That compared with a 22.5 percent year-on-year decline in April. ...

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