China investment in U.S.，Europe and ASEAN surges in H 1

China investment in U.S.，Europe and ASEAN surges in H 1

中國對美歐東盟投資倍增

China's direct in vestment in the United States，Europe Union(EU)and Association of Southeast East Asian Nations(ASEAN)rocketing 360%，107.2%and 125.7%to US$605 million，US$406 million and US$1.221 billion in the first half of 2010 respectively，according to statistics from the Ministry of Commerce.

From January to June，Chinese investor made investment in 1，841 companies in 111 countries and regions，with the direct investment overseas in non-financial sectors amounting to US$17.84 billion，jumping 43.9%year on year，and the investment concentrated in mining， commercial service， manufacturing， wholesales and retail service.Of the total US$4.0 billion investment was made in form of acquisition.

At the same time，China's business volume of international contracting engineering reached US$37.34 billion， up 16%on year， of which the business volume done in Asia and Africa accounting for 85.7%of the total，and the contractual value of new contracts amounted to US$54.94 billion，down 15%.The newly inked contracts mainly cover housing construction， transport，electric power， petroleum， electronic and communictions sectors.

The actual use of foreign funds by China's manufacturing industry went up 2%in the first half;and that by service sector surged 38.3%，which is 18.7 percentage points higher than the aggregate growth.Service sector claimed 44.9%of the total use of foreign funds in China，up about six percentage points.