Answer the following question based on the information given below.
FEI for a country in a year, is the ratio (expressed as a percentage) of its foreign equity inflows to its GDP. The following figure displays the FEIs for select Asian countries for the years $1997$ and $1998$.
Based on the data provided, it can be concluded that
- absolute value of foreign equity inflows in $1998$ was higher than that in $1997$ for both Thailand and South Korea.
- absolute value of foreign equity inflows was higher in $1998$ for Thailand and lower for China than the corresponding values in $1997$.
- absolute value of foreign equity inflows was lower in $1998$ for both India and China than the corresponding value in $1997$.
- none of the above can be inferred.