A Chinese official has dismissed concerns about the withdrawal of foreign capital from China, stressing that the country has multiple favorable conditions to attract foreign investment.

The official of the Office of the Central Committee for Financial and Economic Affairs said there are enormous opportunities for global businesses in the country's super-large market, complete industrial system, and new development pattern.

China's per capita GDP has exceeded $12,000 and its middle-income group has surpassed 400 million people, forming a vast domestic market with huge potential, the official said. China is the only country that has all the industrial categories listed by the United Nations and its industrial advantages are unmatched by other countries, according to the official.

The remarks came as the country held its annual Central Economic Work Conference days ago to decide priorities for the economic work in 2024. The Chinese leadership pledged to expand high-standard opening up at the conference.