China’s numbers for foreign direct investment (FDI) in the first half of the year totaled US$62 billion, up nearly 5% from last year, The Wall Street Journal reported, citing a spokesman from China’s Ministry of Commerce. In June, FDI in China was up 20.1% compared with a year earlier at $14.4 billion, after investment in May gained only 0.29% from a year earlier. Ministry spokesman Shen Danyang added that FDI in the service sector is rising as China hopes to boost the role of the service sector and reduce dependence on manufacturing.
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