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Analysts attributed the fast FDI growth to effective policy that has boosted the confidence of foreign investors, as well as the accelerated process of industrial restructuring.

Analysts said Yi's comments may help ease financial market panic as a sharp sell-off on Wall Street shook global equity markets, pulling down Asian and European stocks on Thursday.

And his answer is that there's limited space on campuses, and universities are already fully enrolled.

And, starting May 1, foreign companies will be allowed to apply for licenses to conduct oil and gas exploration and production. Last year, the Chinese government implemented a "negative list" system that allows foreign investment in any sector not explicitly prohibited. And, the new foreign investment law allows 100 percent foreign ownership in most areas and treats foreign firms as legally the same as domestic firms.

Analysts from China Galaxy Securities Co Ltd suggested investors check out the over-the-counter pharmaceutical manufacturers, as their brand and distribution channels have become well-established over the past few years.