China plans to further promote foreign investment

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.