China first-quarter FDI plunges 10.8% year-on-year in yuan terms as virus bites

China first-quarter FDI plunges 10.8% year-on-year in yuan terms as virus bites

BEIJING (Reuters) – Foreign direct investment (FDI) into China fell 10.8% in January-March to 216.19 billion yuan ($30.62 billion) compared with a year earlier, dragged down by the coronavirus pandemic, the commerce ministry said on Wednesday.

That compared with an 8.6% decline in the first two months of the year.

In March alone, FDI dropped 14.1% from a year earlier.

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