China's Shaanxi sees surging foreign investment

XI'AN - The foreign direct investment (FDI) in actual use surged by 26.4 percent year-on-year to $880 million in the first seven months of this year in Northwest China's Shaanxi province, authorities said Tuesday.

The FDI in the tertiary industry rose 39.13 percent year-on-year to $537 million during the period, according to the provincial commerce department.

The leasing and business services sectors contributed $197 million, while the wholesale and retail sales sectors accounted for $132 million of the FDI.

A total of 215 foreign-funded companies were registered during the period, up 35.22 percent year-on-year. Among them, 180 companies were in the tertiary industry, a year-on-year increase of 33.33 percent.

Singapore, Britain, France and the Republic of Korea were among the major sources of the province's FDI.