China Just Posted a Record Surge in Inward Foreign Investment
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A slew of new businesses setting up shop in China drove a 91 percent jump in foreign direct investment last month, the biggest increase in data going back two years.
Some 4,641 new foreign companies set up in the world’s second-largest economy in November, up 162 percent from the same period a year ago, Ministry of Commerce spokesman Gao Feng told reporters Thursday when unveiling the numbers. That helped fuel the increase in FDI, Gao said.