Foreign investment rises on services momentum

Foreign direct investment into the Chinese mainland jumped 10.5 percent year-on-year during the first five months of the year to $53.83 billion, with services being the mainstay, the Ministry of Commerce said on Thursday.

FDI in the services sector surged by 23.5 percent to $33.94 billion from the period a year earlier and accounted for 63 percent of total FDI between January and May.

The number of newly registered foreign-funded companies in this category jumped by 21 percent to 6,830 compared with the same period last year. Foreign investment in scientific research, financial and technical service sectors surged by 133, 476 and 35 percent, respectively, during the period under review.