During November, FDI flows into China, the largest recipient of foreign investment through this route, fell for the 10th time in 11 months, as labour costs rose and an economic slowdown dragged growth down for seven quarters in a row.
Meanwhile, the new Chinese leadership continues to scout for more foreign investment to halt the sliding economic growth, which is expected to barely achieve the 7.5 per cent target set for this year.
FDI inflow decreased 5.4 per cent in November from a year earlier, and the pace of drop accelerated from 0.24 percent in October, Chinese Commerce Ministry spokesman Shen Danyang told a press conference in Beijing on Tuesday.
China's foreign direct investment inflow has been declining since June.
But at the same in the first 11 months of 2012, China attracted a total of $100.02 billion, which is the third successive year for it to get over $100 billion even though it was down 3.6 per cent year on year.
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