China gets $54 bn foreign investment in 10 months

By Xinhua

Beijing : China got $54 billion in foreign direct investment (FDI) in the first 10 months of this year, up 11.2 percent over the same period last year, the ministry of commerce announced here Monday.

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The country approved the establishment of 30,826 foreign-funded companies this year, down 6.78 percent from the same period last year, said the ministry.

US recorded a drop of 15.9 percent in the number of enterprises it established in China, and the US FDI also fell by 5.95 percent.

Currently, more than 28 million people, or about 10 percent of China’s employed population, in cities and towns, work in foreign-funded enterprises, ministry said.