Changing China's economic model might ease external and domestic pressures on the economy. Photo: iStock
Foreign investors, including the US, continue to pour money into Chinese business investments. Photo: iStock

American investment in China has increased by 124.6% from a year earlier, according to January data released by the Ministry of Commerce, reported.

Meanwhile, foreign investment in China’s high-tech industries, especially high-tech service sector has seen a significant year-on-year increase of 113.4%.

Gao Feng, the spokesman of the ministry, said the draft investment directory which lists industries open to foreign investment is currently seeking public opinion. The draft added 53 more industries to the list, compared to the previous version.

Foreign investors are encouraged to park their money in China’s modern agriculture, ecological construction, advanced manufacturing, intelligent manufacturing, high-tech and modern service industries, said Gao, and appear to be responding.

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