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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.

China's consumer confidence, an indicator of economic booms and busts, bounced back to its record high in the past 12 months as the economy stabilized, according to an index published by global measurement firm Nielsen last week.

China's economic growth remained on track in November, although investment and industrial output growth eased, a senior official of the National Bureau of Statistics said Thursday.

China's investment in 5G technology is expected to exceed one trillion yuan (5 billion) in the next five years, driving the total economic output to more than 10 trillion yuan, People's Daily reported on Wednesday.

China's embassy in Washington could not immediately be reached for comment.