SHANGHAI - Foreign direct investment in China jumped more than 38 percent from a year earlier in November as businesses sought to tap into the country's fast growth.

Related readings:  CPI hits 28-month high  Full-year GDP growth forecast raised to 6.5% after strong Q3  China's GDP to slow in 2011: Researcher

The Xinhua News Agency said Wednesday that the $9.7 billion in foreign investment in November was the 16th consecutive monthly gain.

The Commerce Ministry says actual use of foreign capital climbed 16 percent from a year earlier in January-October, to $82 billion, with the biggest share coming from other Asian countries.