(Yicai Global) Nov. 18 -- Foreign direct investment into China rose 7.4 percent to CNY69.2 billion (USD9.87 billion) last month from a year earlier, according to the latest official data.

For the 10 months through October, FDI rose 6.6 percent to CNY752.41 billion from a year earlier, the Ministry of Commerce said today.

FDI into China maintained a stable increase amid a global slump in cross-boarder investment flows, Zong Changqing, director of the ministry's foreign investment department, said at a news conference today.

Zong added that he is confident China's foreign investment target for this year can be reached.