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China's 2010 FDI surges to record $105.74 billion

China's 2010 FDI surges to record $105.74 billion (by Chris Oliver)

HONG KONG (MarketWatch) -- Foreign direct investment into China surged 17.4% in 2010 from a year earlier to a record $105.74 billion, according to Ministry of Commerce figures released Tuesday, according to the official Xinhua news agency. Investment rose 15.6% in December, as China attracted $14.03 billion, the 17th straight month of expansion. The investment surge was linked to the service sector as well as spending in the China's central and western regions, which saw annualized gains of 28.6% and 27.6% respectively, the report cited Commerce Ministry Spokesman Yao Jian as saying.