China's FDI up 7.7% in Q1: official

BEIJING, April 14 (Xinhua) -- 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 here 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.