CHINA will adopt new measures to attract foreign investment in the next five years in a bid to maintain a minimum US$150 billion-level of foreign direct investment. Liu Zhiben, the foreign investment department's director under the Ministry of Foreign Trade and Economic Co-operation (Moftec), said China had to make technology and capital-intensive projects as the key to luring investment during the Ninth Five-Year Plan. These would include agricultural, hi-tech industrial projects, infrastructure, petrochemicals, car-making, construction and other industries with a competitive edge in international markets, Xinhua (the New China News Agency) quoted Mr Liu as saying. The country was facing an important turning-point where foreign capital had to be fully utilised in order to boost economic development, he said. It was most important to direct the flow of foreign capital, he said. In the past two years, austerity measures had resulted in a fall in foreign investment in real estate, he said. There had been a rise, however, in interest in infrastructure, energy, transport and raw material projects, he said. Moftec statistics showed that China approved 245,000 foreign-funded projects up to September last year, with total foreign investment of about US$110 billion. The biggest investors were Hong Kong, Macau, Taiwan, the United States, Japan, Singapore, Korea, Canada, Thailand, Britain and Germany.