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China confident of attracting investment: commerce ministry
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China is confident of remaining an attractive destination for foreign investment with "good traditions" and "new endeavors," Shen Danyang, a spokesman at the Ministry of Commerce, said today.
"Although there are many challenges, we are confident of further raising foreign direct investment and retaining China's status of being an attractive destination for foreign investors," Shen told a regular media briefing.
In 2015, China's foreign direct investment rose 6.4 percent from a year earlier to 781.3 billion yuan (US$126.2 billion), much better than the increase of 1.7 percent in 2014 to create a new record and ranking the top for the 24th consecutive year among developing countries.
In the first two months of this year, China's foreign direct investment expanded 2.7 percent to 141.8 billion yuan, also better-than-expected against the background of China's slowing economy.
"But we can't get satisfied," Shen said. "China will try its best to create an increasingly fair, transparent and stable investment environment to meet the expectation of foreign investors."
Shen said the commerce ministry will push forward the relaxation of threshold for foreign investment in industries including finance, education and culture this year, deepen reforms on administration over foreign investment while direct more funds to China's central and western areas.
As for the outbound direct investment, Shen said China may continue to see larger outbound investment than inbound investment.
"China has become a net capital exporter since 2014... the growth of China's outbound investment will certainly accelerate due to the country's broad growth strategy," Shen said.
In the first two months, China's outbound direct investment surged 71.8 percent to 195.9 billion yuan. Investment in countries involved in the "Belt and Road" initiative expanded 41.1 percent to US$2.23 billion.
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