China denies row to blame as May foreign investment down 6.7%

BEIJING: Foreign direct investment (FDI) into China fell 6.7 percent year-on-year to $8.6 billion in May, the government said Tuesday, denying that a row with Vietnam was behind a slump in investment from southeast Asia.

For the first five months of the year, FDI—which excludes investment in financial sectors—was up 1.6 percent at $48.91 billion, the commerce ministry said in a statement.