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China's non-financial outbound direct investment (ODI) dropped 6 percent year-on-year to 807.95 billion yuan in 2019, the Ministry of Commerce announced on Tuesday.

China's domestically produced screens also gained momentum in the high-end cellphone market in the first six months. About 19 percent of Chinese smartphones worth more than 3,000 yuan (5) used homemade screens, up 10 percent year on year.

China's high-tech industry saw growing capital inflows in the first four months of 2018, with a significant increase of foreign direct investment in the country's medical equipment manufacturing sector in particular.

China's decision was a countermeasure to the US government's virtual expulsion of 60 Chinese reporters, the Foreign Ministry's Information Department said, adding that it does not accept the "arrogance and bias shown in the letter".

China's outbound investment in economies participating in the Belt and Road Initiative climbed to some billion between 2014 and 2017, providing more than 200,000 jobs for local people, according to a former top government official.