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Reuters

Foreign direct investment into China fell 10.8 per cent in the first quarter to 216.19 billion yuan (US$30.7 billion) compared with a year earlier, dragged down by the coronavirus pandemic, the commerce ministry said on Wednesday.
That compared with an 8.6 per cent decline in the first two months of the year.
In March alone, foreign direct investment dropped 14.1 per cent from a year earlier.



Coronavirus: foreign investment into China down almost 11 per cent in first quarter of 2020

In March alone, foreign direct investment dropped 14.1 per cent from a year earlier. Photo: Shutterstock

In March alone, foreign direct investment dropped 14.1 per cent from a year earlier. Photo: Xinhua

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Economy

Economic Indicators

China Economy

Coronavirus

Greater China

Economic Impact

Cao Dewang, the self-made billionaire founder of Fuyao Glass Industry. Photo: Fuyao

The production line of Cao Dewang’s Fuyao Glass America factory in Ohio. Photo: Xinhua

China’s small and medium-sized firms are still struggling to recover from the coronavirus outbreak. Photo: EPA-EFE

Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP

The IMF says the economic downturn caused by the coronavirus pandemic will be far worse than the global financial crisis. Photo: AFP

The IMF has forecast global economic growth to shrink by 3 per cent in 2020 amid the coronavirus pandemic. Photo: AP

Overall in the first quarter of 2020, China’s exports dropped 13.3 per cent, with imports were down 2.9 per cent. Photo: AP

The move should pave the way for a similar reduction to the country’s benchmark loan prime rate (LPR), which will be announced on Monday, to lower financing costs for companies hit by the pandemic. Photo: Reuters


Foreign direct investment into China fell 10.8 per cent in the first quarter to 216.19 billion yuan (US$30.7 billion) compared with a year earlier
Foreign direct investment dropped 14.1 per cent from a year earlier in March alone



Foreign direct investment into China fell 10.8 per cent in the first quarter to 216.19 billion yuan (US$30.7 billion) dragged down by the coronavirus pandemic.


Coronavirus pandemic

China economy

Coronavirus pandemic: All stories