Coronavirus drags China's FDI down 8.6% in Jan-Feb

Foreign direct investment into China fell 8.6 percent in the first two months of 2020 amid combined impacts of coronavirus and the extended Chinese New Year holidays, a commerce official said today, warning a grim scenario for the rest of the year. Zong Changqing, director of the foreign investment department under the Ministry of Commerce said FDI totalled 134.4 billion yuan, about USD 19.2 billion for January and February, A breakdown of the data showed FDI inflows climbed 4 percent year on ye...