China attracts $91.7 bln FDI in first 10 months

Today's daily digit: 91.7 billion dollars.

It's the amount of foreign direct investment China attracted in the first 10 months of this year.

It is down around three-and-a-half percent from the same time last year - posting its longest run of declines in three years as economic uncertainty crimps corporate spending.

But according to UN data, FDI is still on track to top the 100 billion dollar mark for a third successive year.

Though FDI is seen an important gauge of global economic health, the focus should be on China's domestic economy, says Emerson Yip of JPMorgan Asset Management.

Emerson Yip, Asset Management Invest. Manager of Greater China Team, JPmorgan, said, "I think the FDI is a driver but it's by no means the only driver so I would say the emphasis put on that has been lessening over time."

So, no need for dismay about China's FDI funk. For a better sense of how the world's second-largest economy is performing - look to domestic indicators like imports, consumption and wage rises.