'Foreign investment, capital' spur growth

Experts advise to focus on emerging industries

China should attach more importance to cross-border investment and the development of emerging industries to upgrade its industrial structure, according to trade officials, as a new era of industrial competition reshapes the global value chain.

"The use of foreign capital and outward foreign investment are shortcuts for Chinese enterprises entering the global value chain," said Liu Yajun, director of the foreign investment administration at the Ministry of Commerce, at the China International Fair for Investment and Trade in Xiamen, Fujian province, on Sunday.