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May 17, 2011, 07.51 PM IST
China continues to attract foreign direct investment (FDI), which grew 26.03% year-on-year to reach USD 38.8 billion during the first four months of this year.
FDI in China climbed 15.21% to USD 8.46 billion in April, down from March growth of 32.9%, Yao Jian, the spokesman of the Ministry of Commerce (MOC), told the media here today. While March saw 2,538 new foreign-invested companies being approved to operate in China, 2,215 foreign-invested companies were approved last month, up 8.21% from the same period in 2010. China has approved 8,152 new foreign-invested companies over the past four months, a rise of 8.61% year-on-year.
Also China's outbound direct investments hit USD 13.4 billion during the first four months of 2011, up 17.5% year-on-year, according to Yao.
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