As most nations still struggle with the COVID-19 pandemic, China has reported robust economic growth. The Chinese economy grew 0.7 percent year-on-year in the first three quarters, turning positive after a 1.6 percent slide in the first half, according to the National Bureau of Statistics.

"China's fast economic rebound signals the ample room for growth in the future as well as the strong resilience of the economy," said Cui from the Chinese Academy of International Trade and Economic Cooperation. "International investors would like to choose investing in China to avoid risks and seek growth."

Citing the Foreign Investment Law and the new regulation on business environment optimization, which took effect on Jan 1, Cui said China has made considerable progress in improving its business environment.

"In the next step, the government needs to continue to carry out bolder reforms in key areas such as the trade and financial sectors," Cui said.

"While we now focus on introducing large foreign manufacturing projects, more efforts should be made to attract small and medium-sized foreign firms investing in new forms of business."

The World Bank's Doing Business 2020 report showed China was among the top 10 nations that saw a considerable improvement in their business environment for two years in a row. On a yearly basis, China moved up 15 places from its 2019 ranking to 31st place this year among the 190 economies mentioned in the report.

Cui Fan, an international trade and economics professor at the University of International Business and Economics in Beijing, said that the 2020 edition of the shortened negative lists and a series of government measures to deepen supply-side reforms showed that China has been actively building a unified, fair and efficient market.

"Considering China's effective measures to control the pandemic and resume work and production, those measures will ensure the economy performs well in the coming months, attracting more foreign investors to the country," Cui said.