China Foreign Direct Investment Drops for Second-Straight Month in May

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China's foreign direct investment decreased for the second straight month in May, underscoring the challenges Beijing faces in attracting foreign businesses, official data showed Thursday.

China attracted 54.67 billion yuan ($8.05 billion) in foreign direct investment last month, down 3.7% from a year earlier, the Ministry of Commerce said in a statement Thursday. That followed April's year-on-year decline of 4.3% in yuan terms.

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Foreign direct investment dropped 0.7% in the January-May period compared with a year ago, to CNY341.08 billion.

The ministry hasn't released dollar-term figures for May.

Write to Liyan Qi at liyan.qi@wsj.com

(END) Dow Jones Newswires

June 15, 2017 03:14 ET (07:14 GMT)