From Hong Kong Standard--
Spending cuts hit foreign inflows
Tuesday, August 19, 2014
China's foreign direct investment inflows for January-July fell for the first time in 17 months compared with the same period a year earlier as firms from Japan, Europe and the United States cut spending in the manufacturing sector.
The weak investment data came as China's economic growth appeared to be softening, with indicators pointing to sluggish activity. But officials described the sudden drop as an anomaly and stressed the decline was not due to a spate of recent Chinese probes into foreign firms for alleged monopolistic practices. China attracted US$71.1 billion (HK$554.5 billion) in FDI between January and July, down 0.4 percent and its first decline since February 2013. For July, China drew US$7.8 billion of FDI, the least in two years.