Sharpen your edge, China tells foreign investors

BEIJING - China said on Thursday that it opens its market to all investors, but foreign companies need to become more competitive to be successful.

Jiang Yu, a foreign ministry spokeswoman, said that the Chinese market has become increasingly competitive and foreign investors need to sharpen their competitive edge to better survive the market.

"Enterprises (of all countries) should get successful in the Chinese market through their competitive edge and strength," she said. "China provides a level playing field for all enterprises regarding issues of innovation, intellectual property rights and government procurement."