Nonfinancial FDI on track to rise by 4 percent to $125b

Foreign direct investment into China's nonfinancial sector is expected to increase by 4 percent year-on-year to $125 billion this year, officials said on Friday.

Nonfinancial FDI into China rose by 8 percent year-on-year to 420.52 billion yuan ($68.41 billion) in the first half as global companies pursued a larger share of the country's lucrative market, the Ministry of Commerce reported.

Wang Shouwen, vice-minister of commerce, said this helped to boost the high-end manufacturing industries and the service sector.