China attracted $10.03 billion in foreign investment last month, commerce ministry spokesman Yao Jian told reporters.

The figures indicated that a revival in investment continued after growth slowed sharply in August and despite several moves by the government to slow the economy, including last week's third interest rate hike in four months.

The January figure compares to growth of 15.6 percent in December, when $14.03 billion in investment flowed into China.

Foreign direct investment hit a full-year record of $105.7 billion in 2010, the government said last month, highlighting growing foreign confidence in the economy despite Beijing's dampening measures.

Investment by overseas companies last year rose 17.4 percent year-on-year, with more than a fifth of the money flowing into the red-hot property sector, Yao had said last month.

Analyst say strong growth in the world's second-largest economy and expectations for a stronger currency have attracted a growing number of foreign investors to China, hoping to get a better return on their money.

But the government, alarmed by soaring food and property prices, has been trying to reduce the volume of money flowing into the economy as inflation continues to soar.

Figures released Tuesday showed January inflation remained high at 4.9 percent, despite adjustments to the consumer price index that reduced the weighting of soaring food costs.

China's foreign direct investment data include investment by overseas companies in industries such as manufacturing, real estate, services and agriculture but exclude money put into banks and other financial institutions.

del.icio.us	Digg	Reddit
YahooMyWeb	Google	Facebook

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS Solar Energy Solutions Tempur-Pedic Mattress Comparison ... Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News