China's comparative advantages in areas like policy facilitation, technology accumulation and labor quality will help the country attract more high-quality foreign investment that values efficiency, market potential and innovation, said a member of the nation's top political advisory body.

Compared with other countries, China has obvious advantages in terms of industrial concentration and supply chain efficiency and the government still has space to create a more advanced business environment to stabilize and retain foreign investment in the next development stage, said Jiang Ying, a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

Jiang, who is also vice-chair for China unit of London-headquartered Deloitte Touche Tohmatsu Ltd, a global auditing and consulting firm, said apart from expanding their presence in areas such as new infrastructure, government procurement and rural consumption, foreign firms should make full use of China's 18 free trade zones to gain more market access and autonomy, as well as participate in the mixed-ownership reforms of State-owned enterprises via public subscription or by becoming a shareholder.

Source: China Daily