Open doors still welcome foreign investment

来源：百度文库 编辑：神马文学网 时间：2024/04/28 16:44:46

Open doors still welcome foreign investment

08:52, April 15, 2010      

Email | Print | Subscribe | Comments | Forum 

Increases the bookmark twitter facebook digg Google Windowslive Delicious buzz friendfeed Linkedin diigo reddit stumbleupon

China will continue to widen market access to foreign investors and better navigate the inflow of foreign capital, top officials said yesterday.

Meanwhile, the country will discourage both foreign and local capital from investing in resource-guzzling and polluting sectors to avoid paying too much for being the world's workshop, says a new directive.

"China remains the most attractive destination for foreign investment. We treat foreign companies that set up and register as Chinese companies, and products made in China as Chinese products. We give them national treatment," Ma Xiuhong, vice-minister of commerce, told a press conference.

The directive is a response to some outside complaints that China is reversing its foreign investment policies in the wake of several high-profile commercial cases involving big-name companies such as Google and Rio Tinto. Earlier this week, the government removed a rule requiring government buy computers and other products with "indigenous innovation".

Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission, said China will facilitate trade and investment to maintain a competitive investment environment at a time when countries are vying for foreign investment to parry the impact of the financial crisis.

The directive, released on Tuesday by the State Council, China's Cabinet, also encourages foreign companies to participate in the reorganization and reform of domestic enterprises by mergers and acquisitions. Qualified foreign enterprises will be supported in bids to go public in China.

It also suggested deepening the reform of the foreign investment administration system by transferring power to local governments. Encouraged projects with overall investment below $300 million will be examined and approved by local governments instead of the central government.

Economists said the directive provides a clear signal that China welcomes foreign investment more than ever before.

"The directive sends a very clear signal that China not only remains hospitable to foreign investment, but is further open to it," said Zhang Yansheng, director of the Institute for International Economic Research under the National Development and Reform Commission.

The directive has shown the government's commitment to expand foreign investment as some items had never been put forward before, such as foreign mergers and acquisitions, said Han Qi, a professor at the University of International Business and Economics.

Meanwhile, the country vows to strictly curb both foreign and domestic investment in high energy-consuming and polluting sectors in an effort to optimize investment structure.

"China's energy consumption accounts for 18 percent of the world's total. China can't afford to continue to be the world's factory with high consumption of energy resources and high pollution," said Vice-Minister Zhang.

Source:China Daily

Related Reading

  • China to further support foreign investment as FDI surges

  • China vows further support for foreign investment

  • Nearly 60% of global institutional investors willing to invest more in China

  • China unveils new rules for foreign investment

  • China's "west delta" new magnet for overseas investment

  • China to unveil new overseas investment policy

  • Crisis good opportunity for Chinese companies to go global

  • China to unveil new rules on foreign investment: official

  • Chinese miners eye expansion in new regions

  • CCB expanding global footprint

Open doors still welcome foreign investment Impacts of China's switch on foreign investment policy slight: Experts welcome Welcome foreign trade Bluetooth Security Still Wobbly I Still Choose "Mom" Florence-Crooked Still Dolly Parton, Two Doors Down Lyrics 外贸（foreign trade） packaging @foreign trading Foreign reporters visit Tibet 外贸（foreign trade） Questions Investment Bank Interviewer Asks 欢迎光临WELCOME open course NICARAGUA: Despite Efforts, Corruption Still ... Miners might still be alive Beijing's population still increasing Qingzhou Foreign Trade Corporation - China - ... Foreign firms vowed 'national treatment' No reports of foreign casualties China targets foreign trade 'balancing' A List Apart: Articles: Sliding Doors of CSS, Part II