Direct investment from Japan, US plunges as China shifts gear

FDI in service sector shows steady growth, benefits from new policies

Direct investment from Japan and the United States in China plunged between January and October of this year, which the government said highlighted the country's transition from a low-profit to a high-end manufacturing economy, and ongoing levels of overcapacity.

During the 10-month period, direct investment from Japan fell 42.9 percent, and from the US by 23.8 percent from a year earlier, but that from South Korea and the United Kingdom surged 26.4 percent and 32.4 percent, respectively, the Ministry of Commerce said.