Nation to further attract foreign capital

China has made great efforts to attract overseas capital with a series of policies to benefit foreign investors in the past year.

In 2018, the actual use of foreign capital was 885.6 billion yuan ($130.7 billion) for China, up 0.9 percent.

The overall tariff level was reduced to 7.5 percent in 2018 from 9.8 percent in 2017, aiming to attract more foreign capital.

A shortened negative list for foreign investment was unveiled by the country in June. The list took effect on July 28, 2018, benefiting foreign investment in fields including finance, transportation, professional services, infrastructure, energy, resources and agriculture.

An updated draft of the Foreign Investment Law was released in January and will be submitted for formal approval next month, as a move to showcase the country’s resolution for further opening-up.