Beijing: China on Thursday said the Foreign Direct Investment (FDI) to the country jumped 10.5 percent year on year in the first five months of 2015, settling at USD 53.83 billion with services industry getting a major chunk of it.
The pace slowed from 11.1 percent increase registered in the January-April period but far exceeded the annual growth rate posted for 2014 of 1.7 percent, the Ministry of Commerce said.
China approved 9,582 new foreign-funded companies in the first five months, up 9.6 percent year on year.
Service industry FDI totaled USD 33.94 billion in the first five months, up 23.5 percent year on year.
This accounted for 63 percent of the all FDI during the period, state-run Xinhua news agency reported.
Some high-end manufacturing businesses saw fast investment growth. Investment climbed 4.8 percent year on year in communications equipment, computer and other electric-facility manufacturing in the first five months.
Investment rose 4.4 percent year on year in traffic- equipment manufacturing in the first five months.
