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Foreign investment falls sharply in China in July

foreign-investments-ChinaBeijing: Amid a crackdown on a host of MNCs over alleged violations of the anti-monopoly laws, foreign investments into China slumped in July by 16.95 percent from a year earlier to USD 7.81 billion, the government said Monday.

The sharp decline, resulting in a two-year low figures, was in contrast with a minor 0.2-percent increase seen in June, the Ministry of Commerce (MOC) said.

Constant reforms helped China remain the biggest recipient of foreign direct investment (FDI) in the last three decades due to liberal investment environment despite being a Communist nation.

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