China to lower entry barrier for foreign investors
BEIJING -- China will lower the entry barrier for foreign investors and speed up the revision ofrelevant laws, said Spokesman for the Ministry of Commerce Shen Danyang on Wednesday.
China will further relax restrictive measures on foreign investors and encourage them toinvest in the high-tech, green, and service industries, where domestic supply falls short, Shensaid at a press conference.
The country will also speed up the revision of regulations on foreign investment, with aspecific law to be enacted, Shen said.
In 2015, China attracted 781.4 billion yuan ($126.3 billion) in non-financial foreign directinvestment, up 6.4 percent from 2014.
The country continues to be the world's top investment destination with the most prospects for2016 and 2017, according to a survey conducted by the United Nations Conference on Tradeand Development.