Foreign direct investment in China fell slightly in the first five months of the year.

The ministry of commerce reported Monday that foreign direct investment from January to May slipped .8 percent from the same period last year, to $22.4 billion.

Contracted investment, which gives an indication of future inflows, grew 14.88 percent in the same period, to $64.97 billion.

Although foreign companies continue to build up investments in China, the pace of growth has been slowing. Investments soared in late 2003 through 2004 after slowing during the outbreak of severe acute respiratory syndrome in the spring of 2003.

Some information for this point provided by AFP and AP.