China's foreign investment inflows fall 26.1% despite 'openness' vows

HONG KONG -- China's inbound foreign investment shrank 26.1% on the year in the January-March quarter, to 301.7 billion yuan ($41.7 billion), despite Beijing's efforts to woo global companies.

Although the amount represents a 41% increase over the previous quarter, growth decelerated in March, when less than 90 billion yuan flowed in, data released by the Commerce Ministry on Friday showed. That was down from 113 billion yuan in January and 102 billion yuan in February.