China June FDI up by 20.12%

China's Ministry of Commerce has said in a report today that foreign direct investment in China saw its strongest surge in more than two years in June.

China attracted 14.4-billion US dollars of FDI last month, with a year-on-year increase of 20.12 percent. In the first half of 2013, FDI totaled $62 billion USD, up by 4.9 percent from the same period last year. The amount of capital has left the world's second largest economy firmly on track to meet the government's target of 120-billion US dollars of inflows this year.

A separate report sponsored by a UN body said Hong Kong and the Chinese mainland saw the world's biggest foreign direct investment inflows last year, taking in a combined 196 billion USD, eclipsing the 168 billion invested in the United States.