China to unveil new rules on foreign investment: official

BOAO, Hainan, April 10 (Xinhua) -- China will soon release new regulations on attracting overseas investment, a deputy minister of the National Development and Reform Commission (NDRC), China's top economic planning agency, said here Saturday.

Some details of the policy might be announced next Wednesday at a press conference jointly held by the NDRC, the Information Office of the State Council and the Ministry of Commerce, said Zhang Xiaoqiang.

China still wants foreign investment in high-tech and services sectors, but polluting and energy-gorging projects are no longer welcomed, he said at the ongoing annual conference of Boao Forum for Asia in Boao, a coastal town in south China's island province of Hainan.

"The rules would stipulate that China will more actively and efficiently encourage good foreign investment," Zhang said.

"We welcome foreign investment that is conducive to the transformation of the economic growth pattern," he added.