Wu Yi, vice premier of the State Council, expressed in the 18^th Sino-US Joint Commission on Commerce and Trade (JCCT) that china’s policy on and attitude towards the utilization of foreign capital would not be changed and China would always open its door.

Since China made slight adjustments of some regulations on investment solicitation, added by media’s hypes of M&A by foreign investors such as Carlyle’s acquisition of Xuzhou Construction Machinery Group, some public opinions nowadays come out that China has changed its attitude towards foreign investment. Thus, Wu Yi emphasized Chinese government’s stand that attached importance to attract, even promote, foreign investment, would not change.

In the new era, China will unswervingly adhere to the basic state policy of opening-up, further the extent and depth of opening-up and improve the level of open economy by ways of encouraging foreign investment, creating new modes for utilization of foreign capital, optimizing foreign investment structure and bringing positive functions of foreign investment in terms of advance of self-innovation, upgrade of industrial structure and regional coordinating development.