China’s FDI and Trade Outlook Horrible Says Commerce Spokesperson

Image Caption: Propio, Trabajo. “Vista De Shanghai Desde El Hotel Peace, Shanghai View from Peace Hotel.” Amid slowing economic growth and Europe’s fiscal woes, China’s commerce ministry said the outlook for foreign investment and trade is “grim”. “Due to growing downward pressures in the world economy, the external environment for China’s imports and exports is getting tougher and overall, the situation remains grim,” Shen Dangyang, the spokesperson for the Commerce Ministry said at a regular briefing today. The comments came just after data from the Commerce Ministry showed foreign direct investment in China fell for the third straight month in…