Beijing: China’s foreign direct investment (FDI) dropped by 9.76 percent year-on-year to $8.76 billion in November, the commerce ministry said Thursday.

In November, China approved the setting up of 2,718 foreign-invested companies, down 12.91 percent from a year earlier, Xinhua reported quoting ministry spokesman Shen Danyang.

The November figure brought the total FDI in the first 11 months to $103.77 billion, up 13.15 percent year-on-year.

During the same period, the nation approved the setting up of 25,086 foreign-invested companies, up 3.23 percent year-on-year, said Shen.