April 23, 2021

With the contribution from the services sector that had seen a stable increase in terms of foreign investment, China became the world's largest recipient of foreign investment in 2020 despite the impact of the COVID-19 pandemic, China's Ministry of Commerce (MOFCOM) said on Friday.

In the past few years, China had made efforts in three areas, including having narrowed down the negative list to enhance further opening-up in the services sector, Zong Changqing, head of the MOFCOM's department of foreign investment, said on Friday at a press briefing regarding the opening-up of the services sector.

Looking forward, Zong said that the ministry will launch 203 pilot projects to further open the services sector in four cities and provinces including Tianjin, Shanghai, and South China's Hainan Province.

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https://www.globaltimes.cn/page/202104/1221905.shtml