BEIJING, Nov. 17 -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, evidence that China remains a favored investment destination for foreign businesses.

Inbound FDI increased 7.86 percent year-on-year in October to $7.663 billion, the Ministry of Commerce said Tuesday. The October figure means inbound FDI for the first ten months of the year totaled $82.003 billion, a year-on-year increase of 15.71 percent.