Foreign investments in China exceeded 1.5 trillion USD by the end of July, and the country will continue relaxing the restrictions on foreign investors, especially in the service industry, Vice-Premier Wang Yang said on Monday.
As the second-largest country by economic gross, China's enterprises have increasing international competitiveness and China's overseas investment was almost 100 billion USD in 2013, Wang said at the 18th China International Fair for Investment and Trade in Xiamen, Fujian province.
China's FDI inflow was 123.9 billion USD in 2013, said Qiu Lixin, deputy director of Ministry of Commerce's foreign investment department.
The foreign investment into the central and western regions has increased rapidly, 7.16 billion USD flowed into the two regions between January and July, a 17.8 percent year-on-year rise, and some industrial bases were formed in the regions using foreign capital, Qiu said.
China's foreign investment from the four main investor countries worldwide - the United States, the United Kingdom, France and Germany - is still very low. It only accounts for 4.5 percent among China's total FDI inflow, said Ge Shunqi, deputy head of the Institute of International Economics at Nankai University in Tianjin.Â
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Foreign investments in China exceeded 1.5 trillion USD by the end of July, and the country will continue relaxing the restrictions on foreign investors, especially in the service industry, Vice-Premier Wang Yang said on Monday.
