Total foreign capital use increases 5.7 percent in Oct.

According to data released by the National Commerce Administration, in October total foreign capital use nationwide was up to 7.1 billion U.S. dollars, an increase of 5.7 percent compared to same time last year, newly approved foreign investment enterprises numbered 1,815, down 6.2 percent. Since August, China has witnessed the continuous growth of foreign capital investment.

The data shows that from January to October this year, newly approved foreign investment enterprises numbered 18,163; a fall of 20.1 percent. Meanwhile, the total foreign capital investment reached 70.87 billion U.S. dollars, down 12.6 percent compared to the same period last year.

In the past ten months, foreign capital used in the manufacturing sector accounted for 53.75 percent of the total, a decrease of 12.5 percent. Several areas like telecommunications, computers and electronic equipment production industry absorbed a large amount of foreign capital. In addition, foreign investment in public service sector accounted for 40.68 percent of the total, down 14.48 percent. Real estate sector also saw a significant 26.72 percent decline.