FDI quickens in July as economy steadies

Gain reflects investors' confidence in China, says Ministry of Commerce

Foreign direct investment in China remained on an upward track for a sixth month in July, adding to evidence of stabilization in the world's second-largest economy.

FDI inflows were up 24.1 percent year-on-year to $9.41 billion in July, the largest expansion since March 2011, according to the Ministry of Commerce.