Asian Economic News

China's Foreign Investment Misses Expectations In April

Foreign direct investment in China grew only 0.4 percent in April from a year ago, data published by the Ministry of Commerce showed Thursday. The economy attracted $8.4 billion of foreign investment.

The latest growth rate was weaker-than the 5.7 percent rise seen in March and below the consensus forecast of 6.2 percent.

The slowdown in the first quarter economic growth raised concerns about its short-term outlook.

In the first quarter, GDP growth decelerated to 7.7 percent from 7.9 percent in the fourth quarter, that ended seven quarters of slowdown.

by RTTNews Staff Writer

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