September 13, 2017 / 11:28 AM / 10 months ago

China to propose measures to further promote foreign investment

BEIJING (Reuters) - China’s cabinet will ask the commerce ministry to propose measures to further promote foreign investment, state radio said in a report on Wednesday on a cabinet meeting chaired by Premier Li Keqiang.

The report did not give any details.

This year, Chinese officials have periodically said there is a need to attract more investment from overseas.

Foreign direct investment into China in January-July fell 1.2 percent from a year earlier to 485.42 billion yuan ($72.66 billion), the commerce ministry said on Aug. 15.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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