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Foreign direct investment into China declines 26.3% YOY in November

Foreign direct investment into China dropped 26.3% year over year to 92.11 billion Chinese yuan in November, the country's Ministry of Commerce said.

A total of 5,158 foreign-invested enterprises were established in November, an increase of 11.1% on an annual basis.

From January to November, foreign direct investment slipped 1.3% year over year to 793.27 billion yuan. The number of newly formed foreign-invested enterprises rose by 77.5% from a year earlier to 54,703 during the 11 months.

Foreign direct investment from the U.S. was up by 3.7% year over year in the same period. Meanwhile, foreign direct investment in the manufacturing industry advanced 16% year over year during the 11 months to 241.02 billion yuan.

As of Dec. 13, US$1 was equivalent to 6.88 Chinese yuan.