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Foreign investment in China soars in July

08-18-2010 09:25 BJT

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China's foreign direct investment, or FDI, has accelerated. The Ministry of Commerce says China drew 29 percent more FDI in July from a year earlier.

The ministry figures show that July investment totaled 6.9 billion US dollars. The number brought FDI in the first seven months to over 58 billion US dollars, also marking an increase.

The Ministry spokesman Yao Jian, said the western region is showing greater potential for attracting FDI. The area drew around 3.9 billion US dollars of investment in the first seven months. That's up 19 percent from a year earlier.

Yao Jian also says the trend for a narrowing trade surplus for China won't change and this year's figure will likely be smaller than that of last year.

Editor:Xiong Qu |Source: CNTV.CN

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