Foreign direct investment (FDI) into the Chinese mainland, in actual use, surged 38.6 percent year on year to 397.07 billion yuan ($61.45 billion) in the first four months of this year, the Ministry of Commerce said Thursday.

Foreign investment in the service industry came in at 312.94 billion yuan during the period, up 46.8 percent year on year. Foreign investment inflows to the high-tech industry grew by 29.1 percent in the first four months.

China's actual use of foreign investment hit a record high of nearly 1 trillion yuan in 2020, up 6.2 percent year on year. In U.S. dollar terms, the inflow rose 4.5 percent year on year to $144.37 billion amid the global recession.

(With input from Xinhua)

(Cover via CFP)