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ODI, service trade jump in first half

Chinese companies continued to boost their overseas investments in the first half of the year, official data showed. China's non-financial outbound direct investment rose 58.7 percent from a year earlier to 580.28 billion yuan ($86.61 billion) in the January-June period, Shen Danyang, a spokesman for the Ministry of Commerce, said on Tuesday. In June alone, ODI expanded 44.9 percent year-on-year to 100.17 billion yuan, data showed. "The investment structure is improving," Shen said, citing surging capital flows into the manufacturing sector.

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