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China Jan-July FDI falls 1.2 pct y/y, ODI down 44.3 pct - commerce ministry

BEIJING, Aug 15 (Reuters) - Foreign direct investment (FDI) into China in January-July fell 1.2 percent from a year earlier to 485.42 billion yuan ($72.66 billion), the commerce ministry said on Tuesday.

The ministry did not provide data for July FDI. According to Reuters calculation, July FDI declined 11.8 percent from a year earlier to 43.88 billion yuan.

China's non-financial outbound direct investment (ODI) plummeted 44.3 percent on year to $57.2 billion in January-July the ministry said.

"Irrational" outbound investment has been curbed effectively, the ministry added. ($1 = 6.6805 Chinese yuan) (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)