China unveils new foreign investment rules

The State council released new regulations on Tuesday covering overseas investment.

The State Council Information office says one of the main challenges now is to convert the large influx of foreign capital into long-term prosperity for the nation.

China is one of top recipients of overseas investment.

More than six-hundred-and-80 thousand foreign-funded enterprises were approved to operate in China at the end of 2009.

Zhang Xiaoqiang, Vice Minister, National Development and Reform Commission, said, "Multinational investment in the global market has declined substantially in the past two years. (Xinhua)