China November FDI up more than 90%

Foreign direction investment (FDI) in China surged to CNY124.92 billion ($18.9 billion) in November, up 90.7 percent on a year-on-year basis, according to the Ministry of Commerce.

From January to November, FDI rose 9.8 percent year-over-year to CNY803.62 billion ($121.6 billion).

In November, 4,641 new foreign companies were set up in China, a 161.5 percent jump from a year earlier. From January to November, the number was 30,815, a 26.5 percent gain.

The high-tech sector saw rapid growth of foreign investment, with the high-tech manufacturing FDI climbing 9.9 percent year-over-year to CNY60.15 billion ($9.1 billion) and high-tech service investment jumping 100.9 percent year-over-year to CNY177.1 billion ($26.8 billion).

Central China benefited the most from the government's policies to boost foreign investment, with an investment growth of 29 percent year-over-year, resulting in total foreign investment of CNY52.09 billion.

Investors from Taiwan (+47.2 percent year-over-year), Hong Kong (20.1 percent year-over-year) and Japan (7.4 percent year-over-year) were the leaders for investment in China.