Foreign direct investment has increased in China since beginning of year

Almaty. December 15. Silkroadnews - Foreign direct investment has increased in China since the beginning of the year, Xinhua reports.
“Foreign direct investment (FDI) into the Chinese mainland rose 9.8 percent year on year to reach 803.62 billion yuan (around 122 billion U.S. dollars) in the first 11 months,” the report said.
According to the Ministry of Commerce, the rate of growth of foreign direct investment was much higher than in the first 10 months. In November, FDI reached $124.92 billion yuan, which is 90.7% higher year-on-year and significantly higher compared to October, when the country’s FDI volume grew 5% year-on-year.
Reportedly, FDI in the service sector posted strong growth, 13.5% year-on-year in the first 11 months, year to 582.75 billion yuan or 72.5% of the total.  
Meanwhile, the manufacturing sector attracted foreign direct investment in the amount of 207.76 billion yuan, which is 0.2% more than last year, representing 25.9% of the total FDI.
Around 60.15 billion yuan have been invested into the high-tech manufacturing sector, an annual increase of 9.9%.
Analysts explain, the rapid FDI growth is driven by the rapid growth of new companies financed from abroad, as well as by effective policy that strengthens the foreign investors’ confidence and capital injection for some major projects.
The number of new companies funded from abroad surged 161.5% to 4,641 in November, which led to a 26.5% increase in the number of new companies funded from abroad compared to the same period last year and reached 30,815 in the first 11 months.