China’s October FDI goes up

By IANS,

Beijing : China attracted $8.33 billion in foreign direct investment (FDI) in October, up 8.75 percent year-on-year, authorities said Wednesday.

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The growth rate rebounded from September, when it slowed to 7.88 percent from 11.1 percent in August and 19.83 percent in July, said Ministry of Commerce spokesman Shen Danyang.

The October figure brought the total FDI for the first 10 months to $95.01 billion, up 15.86 percent year-on-year, reported Xinhua.

The country approved the establishment of 22,368 foreign-invested companies in the first 10 months, up 5.6 percent year-on-year.