FDI up 61% in first quarter

Foreign investment in China continued to surge in the first quarter of this year, according to the latest figures.

Realized foreign investment reached $2.74 million during the first three months of the year, up 61.26 percent year-on-year, the Ministry of Commerce said on its website yesterday. Foreign investment in March alone was $9.28 billion, up 39.6 percent year-on-year.

Experts said the continuous increase in FDI reflects China is still attractive for foreign investors despite the tax increase for foreign enterprises, a policy put in place this year.