China's Foreign Direct Investment Jumps 21.9 Percent in June

Crain uploads containers at a Chinese port. (Photo: AFP)

Foreign direct investment into China in June hit 6.63 billion dollars, a rise 21.9 percent from a year ago, government data showed Thursday.

In the first six months of the year actual foreign investment totalled 31.89 billion dollars, an increase of 12.2 percent from a year earlier, China's commerce ministry said.

Hong Kong, the British Virgin Islands, where many Chinese companies register for tax purposes, were the top two sources of foreign direct investment, the ministry said.

Korea, Japan and Singapore followed.

Last year actual foreign investment in the country was 69.5 billion dollars, down 4.1 percent from 2005.

However, if the financial sector were to be excluded, the figure totalled 63 billion dollars, a rise of 4.5 percent.

Source: AFP

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