China to lower entry barrier for foreign investors

BEIJING -- China will lower the entry barrier for foreign investors and speed up the revision of relevant laws, said Spokesman for the Ministry of Commerce Shen Danyang on Wednesday.

China will further relax restrictive measures on foreign investors and encourage them to invest in the high-tech, green, and service industries, where domestic supply falls short, Shen said at a press conference.

The country will also speed up the revision of regulations on foreign investment, with a specific law to be enacted, Shen said.

In 2015, China attracted 781.4 billion yuan ($126.3 billion) in non-financial foreign direct investment, up 6.4 percent from 2014.

The country continues to be the world's top investment destination with the most prospects for 2016 and 2017, according to a survey conducted by the United Nations Conference on Trade and Development.