Foreign investment still pouring in

China's huge market and cheap labor costs have made it the largest foreign direct investment recipient of all developing countries for 16 years straight.

"FDI has been a significant force for China's development as it's brought new technology, management know-how and capital to the country," Vice-Premier Wang Qishan said at a recent investment forum.

China received $82.6 billion of FDI in 2007, and that figure has already climbed to $60.7 billion for the first seven months of this year, up 44.5 percent year-on-year, according to commerce ministry statistics.