Jun. 15 – Foreign direct investment into China rose by 27.48 percent in May year-on-year to US8$8.13 billion, the Ministry of Commerce said on Saturday.
Speaking to reporters, ministry spokesperson Yao Jian said the figure brought the country’s FDI to US$38.92 billion in the first five months, an increase of 14.31 percent from a year earlier.
Investment was mainly concentrated in the manufacturing sector, which garnered 47.32 percent of the total, despite a fall of 3.85 percent in the amount.
The service sector saw actual inflow of the FDI up 32.05 percent from a year earlier, while FDI in the primary sector, including farming, fishery and forestry, rose 85.49 percent year-on-year.
According to government statistics, China approved the establishment of 9,638 foreign-invested enterprises in the first five months of 2010, an increase of 22.15 percent from the same period last year. In May alone, the government approved 2,132 FIEs, a year-on-year increase of 29.29 percent.