BEIJING (AP) — Foreign investment in China rose 14 percent in October from a year ago to US$67.8 billion (euro46.5 billion), the government said Tuesday.
That brought total foreign investment for the first 10 months of this year to US$539.9 billion (euro370.5 billion), an 11.5 percent increase over the same period last year, the Commerce Ministry reported.
China has long been one of the world's largest recipients of foreign investment. The figure has climbed steadily despite recent government curbs on industries such as auto manufacturing and textiles where the number of factories and other assets are believed to exceed demand.
Investment by U.S. entities in new enterprises in China fell 5.9 percent in October, the ministry said, without giving the amount of money involved. It said investment by European companies fell 29.5 percent.
