Experts: Testing times ahead to attract investments

The country will face heavier competition in attracting foreign direct investment this year as both developed and developing economies seek capital from overseas, top trade officials said on Tuesday.

Jiang Zengwei, chairman of the China Council for the Promotion of International Trade, said foreign countries have already accelerated the pace of attracting overseas capital to compete with China, while the country is in a transition period to a more robust, dynamic and sustainable economy.

Even though FDI into China rose by 6.4 percent year-on-year to $126.27 billion last year, FDI into India nearly doubled in 2015 to $59 billion, while the United States emerged as the top host country for foreign capital.