China attracted $9.23 billion in foreign direct investment in May, up 13.43 percent year-on-year, and higher than the previous month, the commerce ministry said Wednesday.
Foreign direct investment in factories and other projects in the world's second largest economy last month was up from $8.46 billion in April, when it rose 15.2 percent from the previous year.
Commerce ministry spokesman Yao Jian announced the figures at a regular briefing in the Chinese capital a day after government data showed inflation hit a near three year high in May.
Analysts say robust growth in China and expectations for a stronger currency have attracted a growing number of overseas investors hoping for a better return on their money as the United States and Europe remain in the doldrums.
But growing concerns that the flood of credit is helping to fuel inflation have triggered a round of monetary tightening as Beijing tries to rein in soaring consumer costs.
In the first five months of the year, foreign direct investment rose 23.4 percent on year to $48.03 billion.
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