A view of a port at the Yangshan Special Comprehensive Bonded Zone in Lingang new area of Shanghai on May 16, 2020. (PHOTO / XINHUA)

BEIJING - Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 18.3 percent year-on-year to 81.87 billion yuan (about US$12.4 billion) in October, the Ministry of Commerce (MOC) said Monday.

This marked the 7th consecutive month for the country to see positive growth in FDI. In the first ten months, FDI growth was 6.4 percent year-on-year, quickening from the 5.2-percent gain seen in the first three quarters, the MOC data showed

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This marked the 7th consecutive month for the country to see positive growth in FDI. In the first ten months, FDI growth was 6.4 percent year-on-year, quickening from the 5.2-percent gain seen in the first three quarters, the MOC data showed.

READ  MORE: China's FDI inflow up 25.1% in September

Foreign investment in the service industry came in at 625.8 billion yuan during the January-October period, up 16.2 percent year-on-year, while that in the high-tech service sector increased 27.8 percent.

Building on the effective containment of the COVID-19 epidemic, China has rigorously rolled out a string of measures to stabilize foreign trade and investment.