FDI into China falls for 5th straight month

China's January to October foreign direct investment numbers show the drop in China's FDI inflow has continued for a fifth straight month.

According to China's Ministry of Commerce, investment inflows into China dropped almost a-quarter of a percent year on year to 8.31 billion U.S. dollars although the pace of that drop was slower versus September which saw a close to 7% drop year on year.

Overall, for the first 10 months of the year, more than 20,000 foreign invested companies were set up in China, down 10.5 percent from last year with FDI during the January to October period coming at 91.74 billion US dollars - a decrease of 3.45 percent over the same period last year.

With today's figures, FDI into China is currently on its longest losing streak in 3-years as the uncertainty in the global economy dampens the corporate spending environment.