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"China's sound economic fundamentals for long-term and high-quality growth remain unchanged despite the epidemic," he said.

"Considering the cost and time it would require, I had no choice but judge that pursuing the plan is not logical," Kono said.

"China's push to upgrade its sprawling manufacturing sector could bring new opportunities to foreign companies and more efforts will be made to create an open and transparent business environment for them to invest and do business in China," Miao said.

"China's overall global image is gradually improving under the leadership of President Xi Jinping," said Wang Gangyi, the deputy director of the China Foreign Languages Publishing Administration.

"China's growth prospects, which stand out among major economies, relatively higher interest rate levels and the yuan's prospects for long-term stability are expected to amplify the country's allure to foreign investment in the next five to 10 years," Wang said on the sidelines of the annual conference of the China International Finance Society on Friday.