Beijing: China’s Foreign Direct Investment (FDI) grew 26.03 percent every year to reach USD 38.8 billion during the first four months of this year.

The country continues to attract investment and its FDI climbed 15.21 percent to USD 8.46 billion in April, down from March growth of 32.9 percent, Yao Jian, the spokesman of the Ministry of Commerce (MOC) said.

While March saw 2,538 new foreign-invested companies being approved to operate in China, 2,215 foreign-invested companies were approved last month, up 8.21 percent from the same period in 2010.

It has approved 8,152 new foreign-invested companies over the past four months, a rise of 8.61 percent year-on-year.

Also China's outbound direct investments hit USD 13.4 billion during the first four months of 2011, up 17.5 percent year-on-year, according to Yao.

This brought China's cumulative outbound non-financial direct investments to USD 272.2 billion as of the end of April, Yao said.

About USD 4.2 billion or 31.3 percent of China's total outbound direct investments over the past four months, were channelled into company mergers, he said.

China's overseas contracted projects brought in USD 24.88 billion in revenues during the same period, up 7.8 per cent year-on-year, according to Yao.

About 775,000 Chinese labourers were stationed overseas by the end of April this year, nearly 22,000 less than in the same period last year, according to Yao.

This is partly due to recent unrest in the Middle East and North Africa, which resulted in the evacuation of thousands of Chinese nationals.

(Agencies)