China's Foreign Direct Investment Up 13.2%

Foreign enterprises invested $6.8 billion in China last month.

Foreign direct investment into China rose 13.2% in October compared with the same month a year ago, the government said Nov. 12. Foreign enterprises invested $6.8 billion in China last month.

The figure was up from $5.3 billion in September.

In the first 10 months of 2007, foreign direct investment rose 11.2% from the same period in 2006 to $54 billion. Last year actual foreign investment in China was $69.5 billion, down 4.1% from 2005.

Foreign direct investment, along with booming exports, are among the top factors resulting in China's massive build-up in foreign exchange reserves.

The foreign exchange reserves, the largest in the world for more than a year, hit $1.43 trillion by the end of September, according to the most recent data.

Copyright Agence France-Presse, 2007

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