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China's foreign direct investment increased 6.8 percent year-on-year to 369.06 billion yuan (.35 billion) in the first five months, official data showed. FDI attracted by China's manufacturing sector climbed by 12.4 percent year-on-year to 112.89 billion yuan from January to May, the Ministry of Commerce said on Thursday.

China's extended May Day holiday this year is expected to see a "tourism craze" with an estimated total of 160 million trips, according to the country's biggest online travel agency Ctrip.

China's overall economic situation improved in the Jan-Feb period, said Ning Jizhe, head of the National Bureau of Statistics, on Tuesday.

China's consumption market is expected to remain stable and grow in the second half of the year, pushed by the country's stable job market and tax cut measures, as well as the new round of reform and opening-up, the Ministry of Commerce said in an online statement.

China's local governments are also working to attract private capital into cash-strapped strategic emerging industries, which have found it difficult to get bank loans as many start-ups are yet to turn patents and intellectual property into profits.