Foreign investors set sights on new targets

Foreign investments in China exceeded $1.5 trillion by the end of July, and the country will continue relaxing the restrictions on foreign investors, especially in the service industry, Vice-Premier Wang Yang said on Monday.

As the second-largest country by economic gross, China's enterprises have increasing international competitiveness and China's overseas investment was almost $100 billion in 2013, Wang said at the 18th China International Fair for Investment and Trade in Xiamen, Fujian province.

China's FDI inflow was $123.9 billion in 2013, said Qiu Lixin, deputy director of Ministry of Commerce's foreign investment department.