FDI Picked up in September     

On October 15th the Ministry of Commerce of China (MOC) announced the September data for domestic consumption, foreign trade and foreign direct investment (FDI).
   The total sale of the 1 000 retail companies tracked by MOC reported a 10.6% year-on-year growth in September, compared with 9.2% in August. Farmer's consumption grew rapidly with aid of governmental supports.
    In September China's exports fell 15.2% annually to US$115.94 billion and imports fell 3.5% to US$103.01 billion.  
   China approved 2 217 new firms foreign funded in September, increasing 10.63% than one year earlier. FDI was US$7.899 billion, surging 18.93% year over year. FDI has dropped in the first seven months. August witnessed the first positive growth for this year and September followed. For the first nine months, the cumulative FDI was US$63.766 billion, down 14.26%.
   Yao Jian, spokesman of MOC, said that China has currently been suffering many difficulties and troubles in foreign trade since the second half of 2008. Some countries took measures of protectionism against China's products. In the first three quarters, China's products are involved in 88 trade investigation cases by other countries.
   Yao also commented that the recovery of FDI stated that China's boosted economy is interesting more and more foreign firms.