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China may see an upward trend in foreign direct investment inflow in the year's second half, business leaders and analysts said on Monday. The reason is that global companies remain bullish on further tapping the world's largest lucrative market, which has strong policy support and resilience, they said.

China phased out the production of 140 million tonnes of "ditiaogang" last year as part of efforts to reduce excessive capacity in the steel sector.

China launched Algeria's first communication satellite, Alcomsat-1, into a preset orbit from the Xichang Satellite Launch Center in the southwestern province of Sichuan early Monday, on Dec 11, 2017. [Photo/Xinhua]

China sold .22 billion of US Treasury securities in September, reducing its total holdings to .062 trillion. Meanwhile, China increased its holdings of Japanese debt by more than 70 percent in the first nine months of 2020.

China supports necessary reforms and improvements for the WTO and strengthen the effectiveness of the organization while keeping its authority, he said. Trade liberalization should be adhered to along with its basic principles such as openness, transparency, inclusiveness and non-discrimination, the premier said.