Foreign direct investment into China surged 31.5 percent year-on-year to CNY 176.76 billion, or 34.2 percent to USD 26.07 billion in January-February 2021, China’s commerce ministry said on Friday. Foreign investment in the service industry soared 48.7 percent to CNY 141.74 billion during that period and accounted 80.2 percent of the total FDI. Among the main sources of investment, FDI into China increased from the ASEAN countries (28.1 percent), the EU (31.5 percent), while FDI from the countries along the Belt and Road rose by 26.2 percent. The data comes amid a low base last year when FDI into China fell 8.6 percent, due to the impact of the coronavirus pandemic. source: Ministry of Commerce of the People's Republic of China