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By Jiang Wei (China Daily)
Updated: 2007-08-14 09:14

Related readings:  June FDI rises 21.91% to $6.63b  Central bank vows to prevent overheating  China tightens rules on foreign property investors  More foreign capital flows in property sector

"The total FDI to China is likely to hit $80 billion, a new record, this year but the figure may decline slightly next year when the corporate tax unification takes effect," he said.

The Ministry of Commerce noted investments from the United States increased over 5 percent in the first seven months while that from the European Union decreased by over 34 percent.

In July alone, the government approved 2,993 foreign enterprises; actual FDI stood at $5.04 billion, an increase of 17.84 percent from a year ago.

Past months have seen robust growth in foreign investment in several sectors.

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