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China's Ministry of Commerce announced on Monday that the actual use of foreign investment (FDI) in October was $10 billion, up 3.1% year-on-year; from January to October, FDI was $110.78 billion, up 2.9% year-on-year.
According to the press release provided by the press conference of the Ministry of Commerce, in terms of RMB, FDI in October was 69.2 billion yuan, up 7.4% year on year; from January to October, it was 752.41 billion yuan, up 6.6% year on year.
According to the press release, in the first 10 months, the actual foreign investment used by the manufacturing industry was 202.16 billion yuan, down 8.2% year-on-year; the actual foreign investment used by the service industry was 538.35 billion yuan, up 13.5% year-on-year.
The Ministry of Commerce said that investment in Asia and the "along the way" has increased significantly. The investment in Hongkong, Macao, Singapore and South Korea has increased by 10.5%, 56.2%, 31.7% and 23.9% respectively, and the actual investment volume along the one line and ASEAN ten has increased 19.3% and 22.1% respectively over the same period.
China's FDI in September was US $11.52 billion, up 0.5% year-on-year; from January to September, it was US $100.78 billion, up 2.9% year-on-year.
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