BEIJING - Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 5.5 percent year-on-year to 98.7 billion yuan (US$14.38 billion) in November, the Ministry of Commerce said Tuesday.
In the first 11 months, foreign direct investment into the mainland rose 6.3 percent year-on-year, data showed
This marked the eighth consecutive month for the country to witness positive growth in FDI. In the first 11 months, FDI rose 6.3 percent year-on-year, data showed.
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Foreign investment in the service industry came in at 704.46 billion yuan during the Jan-Novr period, up 16.1 percent year-on-year and accounting for 78.3 percent of the country's total FDI.
The high-tech services sector saw its FDI climb 31.6 percent year-on-year in the first 11 months, with investment in design services, and research and development surging 93.6 percent.
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Building on its effective containment of the COVID-19 pandemic, China has rolled out a string of measures to stabilize foreign trade and investment.