China's Ministry of Commerce has taken steps to reduce the negative list for foreign investment, reinforce smooth logistics and supply chains, as well as optimize the business climate, a senior government official said.

Faced with the complex global economy, China has been working to implement new development concepts and to forge a new development pattern, which takes the domestic market as the mainstay, while letting domestic and foreign markets reinforce each other to promote two-way investment, said Wang Shouwen, China's vice-minister of commerce.  

Addressing a work meeting between Chinese and foreign investment promotion institutions that was held on Sept 8 in Xiamen, East China's Fujian province, Wang said that Chinese companies' efforts to secure foreign investment cooperation has become an important engine to stimulate global transnational direct investment. 

The meeting had nearly 300 attendees, including commerce officials from Bulgaria, Austria, Belgium, and Malaysia, as well as representatives of investment promotion institutions in the United States, Poland, Germany, Brazil, and Australia.

They discussed pressing topics, such as transnational businesses' development experiences in China and the new pattern of agricultural foreign cooperation.

During the event, the Investment Promotion Agency of the Ministry of Commerce signed cooperation agreements for establishing cross-border industrial platforms with the Foreign Economic Cooperation Center of the Ministry of Agriculture and Rural Affairs, China Health Industry Investment Fund Co, as well as the administrative commission of Hefei Economic and Technological Development Zone.

Conferences and forums themed on cooperation between the Chinese and German automobile industries, cross-border cooperation in the new energy industry, as well as China-Eurasia investment were also held.