China's minister of commerce has called claims that foreign capital is fleeing China "biased".

"Foreign capital enters and leaves any country according to the changes in economic development and industry structure. In recent years, some products have left China, but at the same time, a lot of high-end industries have gathered in the Chinese market. In my opinion, this is the result of the market's decisive role in allocating resources," Minister of Commerce Gao Hucheng explained at a press conference on Feb. 21 in Beijing.

According to Gao, China utilized nearly $126 billion of foreign investment in 2016, up 4.1 percent from 2015. Sectors including pharmaceutical manufacturing, medical equipment and high-tech services witnessed foreign capital increases of 55.8 percent, 95 percent and 86.1 percent respectively.

Commenting on the decline of foreign direct investment in China in January, Gao said a single month can hardly reflect the trend for an entire year.