However, Chen stressed that instead of the amount of investment, China should place more emphasis on the quality and structure of foreign investment.

In April, the State Council, China's cabinet, introduced a series of innovative measures to optimize foreign investment structures.

The measures included encouraging more foreign investment in high-end manufacturing industries, high-tech industries, modern services industries, new energy, and energy-savings and environmental protection industries.

With the help of such measures, foreign investment in industrial sectors with high technology and high added-value, as well as the service industry, would witness a boom, Chen predicted.

Also at Tuesday's conference, Chen mentioned that some countries are blocking investment deals in the name of national security, which, according to Chen, is a form of protectionism.

It would not help the development of global investment, but hurt these countries' employment and economic recoveries, he said.

China's outbound direct investment (ODI) rose 1.1 percent year on year to 56.53 billion U.S. dollars in 2009, according to MOC statistics released on Sunday. China was the fifth-largest source of foreign direct investment in the world last year.

By the end of 2009, Chinese enterprises had established 13,000 overseas companies in 177 countries, with combined assets topping 1 trillion U.S. dollars.
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