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China's FDI Rises In January

Foreign direct investment into China increased notably in January despite a slight economic slowdown seen during the final quarter of 2013, figures from the Ministry of Commerce showed Tuesday.

FDI increased by 16.1 percent in January from a year ago to $10.76 billion. The double-digit growth follows a 3.3 percent rise posted in December.

Commerce ministry spokesman Shen Danyang said the government expects investment to maintain growth momentum this year.

Investment in domestic services industry surged around 57 percent in January. Meanwhile, investment in manufacturing plunged 21.7 percent.

Investment from 10 Asian economies increased 22.2 percent to $9.55 billion. At the same time, FDI from the European Union declined sharply by 41.3 percent, while that from the U.S. gained strongly by 34.9 percent, data showed.

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