China has become one of the largest countries for foreign investment, according to the latest report published by the Academy of China Council for the Promotion of International Trade, the Shanghai Securities Journal reported.

China’s foreign investment has grown at an average annual rate of 27.2% in the past 10 years, by far its best period of overseas investment, the report says.

For the first seven months of this year, amid rising trade and investment protectionism, China’s non-financial foreign direct investment sailed onward, totalling US$65.27 billion, an increase of 14.1% year-on-year.

The structure of China’s foreign direct investment has also been optimized. For the first seven months, it has mainly flowed to the sectors of leasing and business services, manufacturing, mining as well as wholesale and retail.

So-called high-risk industries identified by regulators, such as real estate, sports and entertainment, have not been added any new projects.