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China January-May FDI up 3.8 percent year-on-year

BEIJING (Reuters) - China's foreign direct investment (FDI) rose 3.8 percent in January-May from a year earlier to 343.55 billion yuan ($54.19 billion), the Commerce Ministry said on Sunday.

In May, FDI totaled 56.77 billion yuan($8.89 billion), 1 percent less than in the same month last year, the ministry said in a statement.

(Reporting by Michael Martina; Editing by Simon Cameron-Moore)