Foreign-capital flow gets US$3.5b boost
The mainland's actual-foreign investment last month rose marginally to US$3.54 billion, reversing its monthly downward trend in the past few months.
However, the Ministry of Foreign Trade & Economic Co-operation yesterday said that in the first eight months, the total used-foreign investment was still down 1.45 per cent year-on-year to $27.42 billion.
That was a slight recovery from the year-on-year fall of 1.74 per cent in the first seven months of this year.
Contracted foreign investment, a measure of foreign investors' future investment intentions, rose 6 per cent to $31.7 billion in the first eight months.
Analysts yesterday said the latest figures were better than expected as many expected the foreign-direct investment to fall sharply this year because of the financial crisis.
Foreign-investment inflow into the mainland started to slow at the beginning of this year as the crisis deepened.
The double falls in investment and exports have raised concerns over the country's balance of international payments and the impact on the stability of the currency for this year.
