BEIJING - The flood of foreign investment pouring into China rose 22 percent in June from the same month last year to US$6.6 billion (euro4.8 billion), the government says, adding to signs economic growth is racing ahead despite official efforts to cool the boom.
The June figure raised total foreign investment for the first half of this year to US$31.9 billion (euro23.1 billion), an increase of 12 percent from the same period a year ago, the Commerce Ministry said Thursday.
The government has been trying to curb investment in real estate and other industries where it believes supply exceeds demand. Chinese leaders worry that runaway spending could ignite inflation or a debt crisis.
The economy expanded by 11.1 percent last year, according to a revised growth figure issued this week.
"The country is still a popular destination for overseas capital," said ministry spokesman Yao Shenhong, quoted by the official Xinhua News Agency.
The top sources of foreign investment included Hong Kong, Japan, South Korea, Singapore, the United States and Taiwan, the ministry said.