Economy
China's annual FDI hits record $105 billion
Updated: 2011-01-18 13:19
(Xinhua)
BEIJING- Foreign direct investment (FDI) into China hit a record $105.74 billion last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced Tuesday.
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The rapid FDI growth could be attributed to robust development in the service sector and the country's central and western regions, said MOC spokesman Yao Jian.
FDI in the service sector rose 28.6 percent last year and that in central and western regions climbed 27.6 percent year on year, Yao said.
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