China stresses foreign investment in developing real economy

Updated 2016-12-28 10:04:37 Xinhua

More sectors will be open to foreign investment, an important stimulus for China's real economy, the Ministry of Commerce has said.

In 2017 a larger share of capital inflow will be directed to high-end manufacturing, a key part of the real economy, Commerce Minister Gao Hucheng said at a national commerce work conference concluding Tuesday.

Investment access restrictions will be lowered for general manufacturing as well, he added.

Foreign investment will also highlighted in the development of a modern service industry, as the country opens its finance and telecommunication service sectors in an orderly fashion, Gao said.

Developing the real economy will be a major feature of the country's efforts to go global next year, with more investment for technical and managerial expertise.

The country's foreign direct investment, excluding investment in the financial sector, is likely to be around 785 billion yuan (126 billion U.S. dollars) this year, with 70 percent of the inflow going to the service sector, official estimates show.

To attract more foreign investment, Gao called for repeating the success of free trade zones, which have fewer investment restrictions.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 27 2018 06:48:42

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 27 2018 06:48:42

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 27 2018 06:48:42

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords