Foreign investment in China increases

BEIJING, June 12 (UPI) -- The Ministry of Commerce says foreign direct investment in China rose by more than 27 percent in May, $8.13 billion, over last year.

Xinhua, China's state-run news agency, said that brought the country's foreign direct investment to $39.92 billion for the first five months of this year, an increase of more than 14 percent over the same period last year.

Ministry spokesman Yan Jian said investment flowed mainly into the manufacturing sector in the first five months, accounting for more than 47 percent of the total, despite a drop of nearly 4 percent in the dollar amount.