CHINA unveiled the policies for better usage of foreign investments, including discounts of land rents, subsidies and research funds for encouraged foreign capitals, defending itself from complaints of worsening investment climate in China.

According to the new rules published on the website (www.gov.cn) of the State Council, China's Cabinet, last night, China will encourage foreign investments into industries of advanced manufacturing, high-technology, modern services, renewable energy and environment protection.

For investments in these sectors, foreign investors in land-intensive industries can apply for discounts of up to 30 percent for renting or buying space for factories

Foreign investors can also report their projects to related authorities, including the Ministry of Science and Technology, the Ministry of Finance, and the State Administration of Taxation, for granting their investments to be the encouraged, and thus be entitled to certain subsidies and research funds.