Wen reassures executives about China's investment environment
Source: Xinhua |
July 19, 2010, Monday
|
Print Edition
Print Edition
PREMIER Wen Jiabao has reassured executives of international companies that China's investment climate is stable, and said China would not block exports of rare metals needed to make computers and mobile phones.
China sticks to its opening-up policy, Wen said.
In talks with heads of prestigious German and Chinese firms in northwest China's Xi'an City on Saturday, Wen and visiting German Chancellor Angela Merkel aimed to boost cooperation between the two nations.
"Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical company BASF.
Foreign firms have voiced concern that China's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.
The World Bank in a July report gave China a low investment environment ranking. But the amount of foreign direct investment that flowed into China in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce.
China attracted US$12.51 billion in FDI in June alone, up 39.6 percent year on year.
Wen said: "Foreign investment will not pour into a country where the investment environment is worsening."
Wen said China had relatively good infrastructure as well as a fair and stable market environment.
He said China welcomed companies which met the nation's industry policies to invest, adding that the government would ensure that such companies had access to the Chinese market.
"For those which have entered China, they all enjoy national treatment as Chinese companies do, no matter whether they are a foreign-funded company, a joint venture or a joint stock company," Wen said.
The premier also promised that China would never block the export of rare earth minerals to foreign countries, but said minerals should be exported at a reasonable price and volume.
China supplies about 90 percent of the world's rare earth minerals.
Merkel began her four-day visit to China on Thursday, her fourth trip to China since taking office as German chancellor in 2005.
China sticks to its opening-up policy, Wen said.
In talks with heads of prestigious German and Chinese firms in northwest China's Xi'an City on Saturday, Wen and visiting German Chancellor Angela Merkel aimed to boost cooperation between the two nations.
"Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical company BASF.
Foreign firms have voiced concern that China's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.
The World Bank in a July report gave China a low investment environment ranking. But the amount of foreign direct investment that flowed into China in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce.
China attracted US$12.51 billion in FDI in June alone, up 39.6 percent year on year.
Wen said: "Foreign investment will not pour into a country where the investment environment is worsening."
Wen said China had relatively good infrastructure as well as a fair and stable market environment.
He said China welcomed companies which met the nation's industry policies to invest, adding that the government would ensure that such companies had access to the Chinese market.
"For those which have entered China, they all enjoy national treatment as Chinese companies do, no matter whether they are a foreign-funded company, a joint venture or a joint stock company," Wen said.
The premier also promised that China would never block the export of rare earth minerals to foreign countries, but said minerals should be exported at a reasonable price and volume.
China supplies about 90 percent of the world's rare earth minerals.
Merkel began her four-day visit to China on Thursday, her fourth trip to China since taking office as German chancellor in 2005.
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