China on Thursday said the foreign direct investment to the country jumped 10.5 per cent year on year in the first five months of 2015, settling at $53.83 billion with services industry getting a major chunk of it.
The pace slowed from 11.1 per cent increase registered in the January-April period but far exceeded the annual growth rate posted for 2014 of 1.7 per cent, the Ministry of Commerce said.
China approved 9,582 new foreign-funded companies in the first five months, up 9.6 per cent year on year.
Service industry FDI totalled $33.94 billion in the first five months, up 23.5 per cent year on year.
This accounted for 63 per cent of the all FDI during the period, state-run Xinhua news agency reported.
Some high-end manufacturing businesses saw fast investment growth. Investment climbed 4.8 per cent year on year in communications equipment, computer and other electric-facility manufacturing in the first five months.
Investment rose 4.4 per cent year on year in traffic-equipment manufacturing in the first five months.
