China January FDI grows at strongest pace in four years

Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. Earlier data showed FDI in China rose just 1.7 percent in 2014, the slackest pace since 2012. Foreign direct investment is an important gauge of the health of the world economy and is also a good indicator of where capital is