Despite recent moves to cool the economy, foreign investment in 2004 may exceed 2003's US$53.5 billion, the China Daily quoted Vice Minister of Commerce Ma Xiuhong as saying. Ma said that because of China's improved FDI structure, more foreign investment was going into the service sector, high tech and R&D. She also said the growth of FDI in central and west China, as well as the old industrial base in Northeast China, was increasing quickly, although East China still accounted for 85% of total FDI.