China's first-quarter FDI: more money, fewer projects (Apr 10)

BEIJING, April 10 (Xinhua) -- China utilized 27.41 billion U.S. dollars worth of foreign direct investment (FDI) in the first quarter, up 61.26 percent year-on-year, the Ministry of Commerce (MOC) said in a release on Thursday. It did not elaborate on the figures.

The growth rate was 49.7 percentage points higher than a year earlier.

China's FDI utilization has been rising steadily this year. The actual use of FDI in January jumped 109.78 percent from a year earlier. During the following two months, the figure rose about 39percent.

The number of newly approved foreign-funded enterprises shrank 25.26 percent in the first three months from a year earlier, to 6,949.

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