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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 in China, according to minister of commerce on Sunday.
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.
"We'll also encourage more Chinese companies to invest abroad to diversify sales channels in the global market," he said at the ministry's annual meeting in Beijing.
