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Foreign investment into China slumps

Foreign direct investment to China has fallen at the sharpest rate since the height of the financial crisis, as Beijing targets a widening array of global companies in the country for alleged price-fixing and monopolistic behaviour.

Investment to China from abroad reached $7.2bn in August, the lowest monthly total since July 2010, according to Chinese Ministry of Commerce figures released on Tuesday and FT calculations based on data from the National Bureau of Statistics.

That was 14 per cent lower than a year earlier, following a 17 per cent drop in July from the same month a year earlier.

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