China to improve investment environment in 2015

China will improve its investment environment in 2015, according to the Central Economic Work Conference concluded on Thursday.

Market access in the service sector will be improved, and manufacturing sectors will be further opened up. Experiences of the China (Shanghai) Pilot Free Trade Zone (FTZ) will be popularized. Inbound overseas investment will be stabilized and higher quality investment sought, said the statement released after the conference.

Efficiency and quality of outbound investment will be improved, sectors with competitive edges will be encouraged to go overseas, and the internationalization of the yuan will be boosted in a steady way.

A balance will be struck between domestic and overseas demand, between imports and exports, and between inbound and outbound investment. Balanced international payments should be achieved step by step, and a new open economic mechanism will be built, according to the statement.