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FDI maintains steady growth this year

By Jiang Wei | China Daily | Updated: 2007-09-14 07:33

Actual foreign direct investment (FDI) in China maintained steady growth in the first eight months and government agencies are investigating the latest batch of "Made in China" toy recalls, a senior commerce official said yesterday.

The Ministry of Commerce approved 24,848 foreign-invested enterprises in the past eight months, with actual spending rising 12.79 percent year-on-year to $41.95 billion, ministry spokesman Wang Xinpei told a news conference.

For August alone, realized FDI in China jumped to $5.02 billion, up 11.87 percent from a year earlier. The ministry did not release the statistics for contracted foreign investments.

FDI maintains steady growth this year

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