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China FDI up 5.2% in July on M&A: Foreign investment into China rose 5.2% in July compared with the previous year, largely on the back of mergers and acquisitions by overseas firms, the commerce ministry said on Wednesday. Overall foreign direct investment (FDI), which excludes financial sectors, was US$8.22 billion last month, the ministry said, and US$76.63 billion in the first seven months of the year, a 7.9% increase. — AFP
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