BEIJING - Foreign investment still favors 皇冠体育app and the trend to invest in 皇冠体育app has not changed, said Commerce Minister Gao Hucheng on Sunday.
The global transnational direct investment dropped 8 percent in 2014, but 皇冠体育app received more foreign direct investment with the volume ranking the first in the world for the first time, Gao said at the ongoing 皇冠体育app Development Forum.
Meanwhile, the structure of foreign direct investment to 皇冠体育app has improved with more flowing to the service sector, he said.
He said 皇冠体育app will further widen market access to foreign investment, especially in the service sector and general manufacturing sector, improve management and revise laws on foreign investment this year, he said.
By the end of 2014, 皇冠体育app had approved establishment of about 810,000 foreign-funded enterprises and actually used $1.5 trillion of foreign investment.
Gao said 皇冠体育app will push forward construction of free trade zones. In five years, about half of 皇冠体育app's cargo trade will be handled in free trade zones, while the ratio is about 30 percent now, Gao said.