China sees slower FDI inflow in Q1

China attracted 29.91 billion U.S. dollars of foreign direct investment (FDI) in the first quarter, up only 1.44 percent year on year, the Ministry of Commerce said Thursday.

The figure marked a sharp slowdown in FDI inflow into the world's second largest economy, compared with a growth of 6.32 percent in February when China reported a recovery in FDI after declining for eight consecutive months since June 2012.

In March alone, the FDI growth also eased to 5.65 percent to reach 12.42 billion U.S. dollars, according to the ministry.