BEIJING - The Ministry of Commerce (MOC) said Wednesday that US firms have not "massively retreated" from investing in China.

However, economic woes in the United States, as well as the country's policies to boost domestic manufacturing and inward investment, have had an effect on the willingness of foreign investors to invest in China's high-value industries, MOC spokesman Shen Danyang told a press conference.

Shen said China remains one of the most attractive investment destinations in the world and the general outlook for the US future investment in China will remain fine.

US investment in China declined this year, according to MOC statistics. China attracted $2.57 billion in foreign direct investment from the United States in the first 10 months of this year, down 18.13 percent year-on-year. The decrease accelerated from the 9.88 percent for the January-September period.