The actual use of foreign direct investment (FDI) in China in October rose 8.75% year-on-year to $8.334 billion.

According to official data, the actual use of FDI in the service industry grew 20.65% on a yearly basis to $44.513 billion in the first 10 months, led by growth in tourism, wholesale and retail.

Under the influence of the economic downturn in the U.S. and the European debt crisis, expansion of FDI in recent months has seen a significant slowdown and is likely to fluctuate wildly in the future, according to Jianping Zhang, director of the Institute for International Economic Research under the National Development and Reform Commission.

Source:21cbh.com