Developed countries targeted for FDI

'Grim outlook' for first six months prompts new govt approach

BEIJING - The "grim outlook" for foreign direct investment has prompted the government to consider measures to boost investment from developed countries, a trade official said.

"The outlook for inflows of foreign investment from the United States and the European Union will remain grim during the first half of this year," Liu Yajun, director of the department of foreign investment administration under the Ministry of Commerce, told China Daily.