state council: More sectors, including those previously deemed sensitive, will be open to foreign investment, he said, saying a slew of soon-to-be-released pro-investment measures will be the latest boost to foreign investors' fortunes, according to Global Times China. The measures, approved by the State Council on Dec. 28, 2016, aim to ensure equal treatment for foreign investors and ease restrictions, while opening accounting and auditing, architecture design and rating services to foreign investment for the first time. The world's second largest economy expects 10 trillion US dollars worth of domestic demand in the next five years, as it maintains a 6.5 percent growth rate, Wang said at a news briefing. Foreign investors are now even more well-positioned to cash in on China's steady economic growth and robust retail sales, the vice minister said. That was a 10.8 percent year-on-year increase, he added, as he dismissed concerns of waning investment returns in China. Major overseas businesses have generated 1.5 trillion yuan 216.7 billion US dollars in profits in the first 11 months of 2016 on the Chinese mainland, he said, citing data from the National Bureau of Statistics.
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