China's FDI up 7.7% in Q1: official

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Foreign direct investment (FDI) to China increased 7.7 percent year on year to 23.44 billion U.S. dollars in the first quarter, vice commerce minister Ma Xiuhong said Wednesday.

A total of 5,459 overseas-funded ventures were established in the past three months, up 19.9 percent from the corresponding period last year, Ma told a press conference.

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