China's actual use of foreign direct investment (FDI) in November reached 8.48 billion U.S. dollars, up 2.35 percent from November 2012, the Chinese Ministry of Commerce said Wednesday.

The actual use of overseas direct funds in January-November this year hit 105.50 billion U.S. dollars, a 5.48 percent rise year on year and an increase for ten consecutive months.

A total of 54.24 billion U.S. dollars has been used in the service industry from January to November, an increase of 14.04 percent year on year.

FDI used in social welfare and social security, electrical machinery repair sector, and recreational and service sector rose 368.6 percent, 295.9 percent and 164.9 percent year on year, respectively. Meanwhile, the FDI used in agriculture, forestry, animal husbandry and fishery and manufacturing industry has seen some decreases in the eleven months this year compared with the same period of last year.

In addition, investment in China from Asian countries and regions, the European Union and the United States registered fast rises in the period. The investment from Thailand from January to November witnesses a significant year-on-year rise of 466.04 percent, reaching 482 million U.S. dollars.

The investment from the United States rose by 8.6 percent year-on-year, reaching 3.16 billion U.S. dollars and that from the European Union reached 6.81 billion U.S. dollars, a rise of 17.36 percent year on year.

Presented by Adam Justice

China