The China Fund announced Friday that its net investment income decreased in the third quarter.

The fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equity securities of China companies.

For the nine months ended July 31, 2007, net investment income of approximately US$2.52 million or 17 cents per share versus net investment income of approximately US$3.08 million or 21 cents per share for the same period last year.

Net realized and unrealized gains for the nine months, were US$330 million or US$22.64 per share compared to net realized and unrealized gain of US$114.96 million or US$7.93 per share for the nine months a year earlier.

The fund's total net assets on July 31, 2007 were US$740 million and its net asset value per share was US$50.78.