Chinese vice Premier Wu Yi says China will pursue an efficient use of foreign investment in order to upgrade domestic industrial structures and self-development capability.

At a national conference on state economic and technological development zones in Beijing, Wu Yi says China will encourage multinational companies to establish their research centers in China and encourage them to invest in high-tech industries and service sectors with high added value.

Statistics indicate that actual foreign investment in China is expected to top 60 billion US dollars this year.

The Ministry of Commerce says over the past 11 months, the actual foreign investment amounted to 57.5 billion US dollars, with an increase of 20 per cent year-on-year.

Source: CRI news