Nation to open further for foreign investment

China will further open its doors to overseas investors by lowering the market access threshold and optimizing the investment environment, the Ministry of Commerce said on Thursday.

The remarks came after the United States passed a bill on Dec 2 to drastically cut tax for corporations, reducing tax rates from 35 percent to 20 percent, the lowest level in three decades.

"Many economies, especially emerging economies, expressed concerns over the US tax cut policy as it may result in capital outflows, increase difficulties in attracting foreign investment and even trigger financial turmoil," said ministry spokesman Gao Feng.