Nonfinancial FDI in Q1 down by 11%
Overall inflows in March decline 14% on yearly basis to 81.78 billion yuan
Foreign direct investment in the nonfinancial sector fell by 10.8 percent on the Chinese mainland on a yearly basis to 216.19 billion yuan ($31.2 billion) in the first quarter of this year, the Ministry of Commerce said on Wednesday.
The ministry said investment inflows were affected by the COVID-19 outbreak during the three-month period. FDI flows in March declined 14.1 percent on a yearly basis to 81.78 billion yuan. The decline was 11.5 percentage points narrower than the level seen in February.