FDI maintains steady growth this year

Actual foreign direct investment (FDI) in China maintained steady growth in the first eight months and government agencies are investigating the latest batch of "Made in China" toy recalls, a senior commerce official said yesterday.

The Ministry of Commerce approved 24,848 foreign-invested enterprises in the past eight months, with actual spending rising 12.79 percent year-on-year to $41.95 billion, ministry spokesman Wang Xinpei told a news conference.

For August alone, realized FDI in China jumped to $5.02 billion, up 11.87 percent from a year earlier. The ministry did not release the statistics for contracted foreign investments.