Pedestrians walk past signposts of foreign-funded banks on a street in Shanghai, May 12, 2013. [Photo/IC]

Relaxing access for foreign investment

At the G20 Summit, Xi proposed "building an open world economy to expand the scope of development".

In fact, China has taken many moves to relax access for foreign investment. The top legislature has recently revised laws regulating inbound investment, allowing a negative list management mechanism for foreign investment nationwide.

The move, a significant change in China's foreign investment management regime, is a manifestation of China's efforts to improve foreign investment environment and promote investment facilitation, said Wang Shouwen, vice-minister of commerce.