China's FDI, ODI surge

Cao Hongying, deputy director-general of the Foreign Investment Administration at the Ministry of Commerce, said investment into the Chinese mainland from major countries and regions including the United States, the European Union and the Hong Kong Special Administrative Region showed a steady growth during the first seven months.

Official data showed that although the FDI into the manufacturing sector has been waning through the first seven months, it has been rising in the services sector.

Most of the FDI from Europe and other developed nations is already flowing into the services sector with an overwhelming focus on high-end manufacturing.

"The healthcare, information services and high-tech industries are being slowly developed in the country. There should be more foreign capital and technologies in these sectors," Cao said.