Chinese Ministry of Commerce (MOFCOM) Spokesperson Gao Feng said that China still has advantages in attracting foreign investment in the medium-long run, at a routine press conference of MOFCOM on Aug. 24, China.com.cn reported.
Gao stated that although foreign direct investment (FDI) in China fell some this year, China’s scale of attracting FDI has remained stable.
The number of newly-established FDI enterprises reached 17,703 from January to July this year, up 12 percent on a year-on-year basis, indicating that an increasing number of foreign investors are willing to invest in China.
Gao added that the structure of attracting foreign investment in China has been continuously optimized. Foreign capital used in high-technology industries hit 37.39 billion RMB ($5.6 billion) during the seven-month period, an increase of 8.3 percent compared with the same period last year.
The World Investment Report 2017 released by the United Nations also pointed out that China is still one of the main destinations for FDI.
In addition, China’s State Council recently introduced 22 policies for attracting FDI, according to Gao.
“We believe that implementation of the new policies will bring development opportunities for foreign investors, and show that China remains determined to continuing opening to the outside world. And we will strive to provide better services and investment environment for them,” the spokesperson noted.
Source: en.people.cn
