In 2017, China will step up efforts to attract foreign capital through such measures as cutting access restrictions on overseas companies, promoting facilitation of investment and creating a fair and transparent business environment, Commerce Minister Gao Hucheng said Tuesday.
Gao's comment came after rumors that foreign capital is withdrawing from China drew public attention.
"In recent years, some products were indeed transferred overseas while many advanced industries from around the world came to the Chinese market," he said. "This is a result of the decisive role that the market plays in resource allocation."
Foreign direct investment (FDI) in China reached $126 billion in 2016, an increase of 4.1 percent on a yearly basis, according to data released by the Ministry of Commerce.
FDI in China's medical equipment sector surged 95 percent during the same period.
