--FILE--Chinese customers go shopping at a supermarket of Walmart in Shanghai, China, 16 January 2015. Foreign direct investment (FDI) in China grew
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--FILE--Chinese customers go shopping at a supermarket of Walmart in Shanghai, China, 16 January 2015. Foreign direct investment (FDI) in China grew at its weakest pace in six months in February, but analysts caution that seasonality may explain the swings even as a weakening economy continues to dent investor confidence. February FDI rose just 0.9 percent from a year earlier, slowing sharply from a 29.4 percent jump in January, adding to mostly weak February data, which has raised expectations of further policy steps from Beijing to spur growth. "We expect FDI to maintain slow growth this year, probably similar to last year, " said Zhao Hao, China economist at ANZ in Shanghai. "China's manufacturing sector faces overcapacity and foreign investment into some other sectors is subject to high barriers." February FDI of $8.6 billion was down 38 percent from $13.9 billion in January. Analysts, however, caution not to read too much into the weak February FDI numbers as seasonality could cause swings. China's Lunar New Year holiday, which causes strong seasonal distortions, began on Jan. 31 last year but started on Feb. 19 this year.