China's FDI growth falls in July

The foreign direct investment (FDI) in China grew 17.8% in July, down 4.1% compared with the growth rate in June, the Ministry of Commerce announced on its Website today.

The total amount of FDI reached US$5 billion after gaining 21.9% to US$6.63 billion in June, the announcement said.

From January to July, FDI rose 12.9% to US$37 billion, the ministry said.

The government approved 21,676 foreign-invested companies last month, which is also 4.81% decrease from a year earlier.

Hong Kong ranks the firs among all overseas countries and regions with total investment of US$12.32 billion in the seven months, followed by the British Virgin Islands, South Korea, Japan, Singapore and the United States, the report said.