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China today said the Foreign Direct Investment (FDI) to the country jumped 10.5% year on year in the first five months of 2015, settling at $53.83 billion with services industry getting a major chunk of it.
The pace slowed from 11.1% increase registered in the January-April period but far exceeded the annual growth rate posted for 2014 of 1.7%, the Ministry of Commerce said.
China approved 9,582 new foreign-funded companies in the first five months, up 9.6% year on year.
Service industry FDI totaled $33.94 billion in the first five months, up 23.5% year on year.
This accounted for 63% of the all FDI during the period, state-run Xinhua news agency reported.
Some high-end manufacturing businesses saw fast investment growth. Investment climbed 4.8% year on year in communications equipment, computer and other electric-facility manufacturing in the first five months.
Investment rose 4.4% year on year in traffic- equipment manufacturing in the first five months.
