China remains magnet for foreign investment

Howard Ye, vice president of the United States Pacific Rim Chamber, forecasted that some mature industries in the US may transfer to China. "Of course, the investment will be market-oriented," he said.

"Personally, I think China is altering from soliciting all investment to mainly luring advanced technology and expertise," said Ye, adding the process may be painful for both China and foreign capital.

"If a foreign company wants to succeed in the country, it has to fully abide by the law, take their social responsibility and have a lasting profitability," said Schneider's Wang.

In Cai's view, favorable land and taxation policies are no longer that important. "What foreign companies are looking for is a sound environment for all market participants to compete fairly, " she said.

"I am glad to see that the Chinese government is working on that."

Chinese Premier Li Keqiang said in a speech at Summer Davos opening ceremony on Wednesday that China will follow a stable and more open policy on foreign capital.

"We will continue to improve and standardize the business environment, in order to attract more foreign businesses and investment and draw upon and adopt the advanced technologies, mature managerial expertise and fine cultural achievements of other countries," said the premier.

Shen Danyang, spokesman for the Chinese Ministry of Commerce, said he was optimistic about foreign investment for the full 2014 despite a string of tumbles.

"FDI growth will be largely stable and the quality of investment is improving," Shen said.

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