Actual overseas investment in China hit 22.4 bln US dollars in Jan.- May

The foreign direct investment in actual use in China declined by a slightly 0.79 percent in the first five months year-on-year to 22.37 billion US dollars, figures released by Ministry of Commerce showed.

During the first five months, the number of newly formed foreign-invested companies approved by the Chinese government dropped 4.75 percent on-year to 16,437.

Contractual overseas investment, which was considered an indicator of future inflows, grew 14.88 percent to about 65 billion US dollars in the five months, said the ministry.

The top two sources of investment during the five-month period were still Hong Kong and the British Virgin Islands, same as the first four months, said the ministry.

The top ten sources of the investment provide more than 86 percent of the total actual overseas investment.

Source: Xinhua