Ministry: Increase in FDI, ODI puts economy on target

Both foreign direct investment in China and outbound direct investment have risen this year, putting the nation on track to meet its annual growth target, the minister of commerce said on Sunday.

FDI is expected to reach $135 billion this year, up almost 13 percent year-on-year, while ODI is forecast to hit $128 billion, up 24 percent year-on-year.

Gao Hucheng, the minister of commerce, said his department's main tasks in the 13th Five-year Plan (2016-20) will be to stabilize external demand, improve the quality of high-end manufacturing and adjust the industrial structure to attract quality FDI.