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Foreign Direct Investment in China up 41.6%

Foreign companies invested $67.7 billion in China for first eight months of 2008.

In the first eight months of the year compared with the same period last year, foreign direct investment into China rose 41.6%, the government said on Sept. 10.

Foreign companies invested $67.7 billion in China. Foreign direct investment in August alone totaled $7.0 billion, up 20.4% from a year earlier.

Foreign direct investment is one of the factors behind rapid growth in China's foreign exchange reserves, which topped $1.8 trillion at the end of June.

Copyright Agence France-Presse, 2008

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