FDI slide continues in October (2)

Experts also said that foreign investment flows into the country are expected to renew their growth momentum next year as the economy recovers.

"While the FDI for the whole year will definitely not be as strong as that of 2011 given the continued negative growth, the outlook for next year remains good," Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation, told the Global Times Tuesday.

The slowdown in China's economy has shown signs of bottoming out in the third quarter according to the latest economic indicators, which signal recoveries in the manufacturing sector, exports and corporate profits. This will help to strengthen foreign investors' confidence in the Chinese market, Huo said.

"The 18th National Congress of the Communist Party of China laid out the blueprint for the country's future, urging further opening-up and reform, which will also help to improve the investment climate so as to lure more investors," Huo noted.

But Huo also expressed concerns over Japan's FDI into the country in the near future, as it has taken a hit during the territorial dispute between China and Japan.

Despite a rise of 10.9 percent in Japan's FDI in China during the first 10 months, "direct investment from Japan came to $459 million in October, down 32.4 percent on the year," the Nikkei business daily reported Tuesday, citing figures from China's commerce ministry.

Recommended Features: [Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'？