FDI flow to be made smoother
By Wang Yanlin |
July 17, 2010, Saturday
|
Print Edition
Print Edition
CHINA will take "active measures" to improve the environment to welcome further inflows of foreign investment, said a senior government official.
"As a developing country, there are certainly some problems existing in China's environment for foreign investment," Liu Yajun, director of the Department of Foreign Investment Administration under the Ministry of Commerce, said at a press conference in Beijing.
"I hope to stress that the Chinese government is always facing up to these problems and is taking active measures to improve the overall environment," Liu said.
Some foreign investors have complained about much stiffer competition in the Chinese market recently and demanded "fair treatment" on par with that for domestic companies.
Liu said more competition was a sign of China's dynamic economy and that the market was open to all players.
He, however, added the government will keep communication channels with foreign investors open and uphold the law to protect their rights.
Last month, 2,739 foreign companies were newly established on the Chinese mainland, up 8.3 percent from that in May, the Ministry of Commerce said.
China's foreign direct investment in non-financial sectors jumped 39.6 percent in June from a year earlier to US$12.5 billion, up from the increase of 27.5 percent in May.
It was the 11th month of expansion for FDI since August last year when the global economy was disrupted by the financial crisis.
Central China saw the biggest jump in foreign investment of 22.7 percent, compared with increases of 20.8 percent in west China and 19.3 percent for east China.
But east China remained a major spot for foreign funds as it took in 86.8 percent of FDI in June.
"Foreign investment is not only a means for funds. More importantly, it is a source for supply and integration of advanced technology, latest information, management skill and marketing strategies," Liu said.
"As a developing country, there are certainly some problems existing in China's environment for foreign investment," Liu Yajun, director of the Department of Foreign Investment Administration under the Ministry of Commerce, said at a press conference in Beijing.
"I hope to stress that the Chinese government is always facing up to these problems and is taking active measures to improve the overall environment," Liu said.
Some foreign investors have complained about much stiffer competition in the Chinese market recently and demanded "fair treatment" on par with that for domestic companies.
Liu said more competition was a sign of China's dynamic economy and that the market was open to all players.
He, however, added the government will keep communication channels with foreign investors open and uphold the law to protect their rights.
Last month, 2,739 foreign companies were newly established on the Chinese mainland, up 8.3 percent from that in May, the Ministry of Commerce said.
China's foreign direct investment in non-financial sectors jumped 39.6 percent in June from a year earlier to US$12.5 billion, up from the increase of 27.5 percent in May.
It was the 11th month of expansion for FDI since August last year when the global economy was disrupted by the financial crisis.
Central China saw the biggest jump in foreign investment of 22.7 percent, compared with increases of 20.8 percent in west China and 19.3 percent for east China.
But east China remained a major spot for foreign funds as it took in 86.8 percent of FDI in June.
"Foreign investment is not only a means for funds. More importantly, it is a source for supply and integration of advanced technology, latest information, management skill and marketing strategies," Liu said.
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