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China will take effective policy measures to stabilize its strength in attracting foreign investment in 2020 and provide high-level services to existing foreign-invested companies across the country, a senior commerce official said on Friday.

China will hold the fifth World Internet Conference (WIC) this November in the river town of Wuzhen, eastern China's Zhejiang province. [Photo/VCG]

China will jointly set up a technology transfer center among SCO member states and carry out an international incubating program for young entrepreneurs from SCO countries, he said.

China's CPI for 2018 rose 2.1 percent year-on-year, up from 1.6 percent for 2017. The growth exceeded 2 percent for the first time this year, but remained well below the government's target of around 3 percent for 2019.

China will lift foreign ownership limits on securities, fund management and futures companies by the end of this year, a year ahead of the schedule, said the State Council's Office of Financial Stability and Development Committee last year when it announced 11 measures to further expand the financial sector's opening-up. The central government also allowed foreign asset managers to partner with subsidiaries of Chinese banks or insurers to establish foreign-controlled asset management companies.