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China reports increase in foreign direct investment

Foreign direct investment (FDI) into the Chinese mainland rose 9.8 percent year on year to reach 803.62 billion yuan (around 122 billion U.S. dollars) in the first 11 months, data showed Thursday.

The FDI growth was much faster than the 1.9-percent year-on-year increase registered in the first 10 months, according to data from the Ministry of Commerce (MOC).

In November alone, FDI hit 124.92 billion yuan, up 90.7 percent year on year, MOC spokesperson Gao Feng said at a regular press conference. Continue reading “China reports increase in foreign direct investment” »