China's utilized foreign direct investment (FDI) grew 4.86 percent year on year, according to a statement released by the Ministry of Commerce yesterday. This has been the seventh consecutive monthly increase.

The utilized FDI in the service industry rose 18.94 percent year on year, increasing its ratio to total by 5.2 percent; the utilized FDI in agriculture, forestry, animal husbandry and fishery surged 81.88 percent year on year, accounting for 1.64 percent of the total, up from 0.95 in the same period of 2009. However, the FDI utilized in the manufacturing industry in the period dropped 13.02 percent year on year, accounting for 48.01 percent of the total.

Zhang Yansheng, Director of the Institute of Foreign Trade of the National Development and Reform Commission told Caijing Magazine that China is still atrractive for foreign investors judging by the growth rate in FDI. Meanwhile, the decline in manufacturing industry indicates that China's efforts in structural adjustment of using foreign capital have already produced fruit.