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MOFCOM: China Steadily Maintains the Position of the World’s Most Attractive Investment Destination
2009-09-14 16:26:58 |
| Wang Chao, assistant minister of the Ministry of Commerce of China (MOFCOM) announced at the World Capital Forum held in Xiamen on the morning of September 9 that though China utilizing foreign direct investment has been the negative growth for ten consecutive months, China still maintains the position of the world’s most attractive investment destination.
Pre-investigation of World Investment (2009-2011) released by United Nations Conference on Trade and Development on July 22 indicated that in the first quarter, the global transnational investment declined 54%, and the global M&A declined 77%. From January to July, China accumulatively actually utilized foreign investment of USD48.3b, down 20.3% year-on-year, but China topped India, US, Russia and Brazil, steadily holding the position of the world’s most attractive investment destination. Wang said the prospect of China attracting foreign investment is still optimistic in the medium or long term.
Wang said: “Chinese government pursues the open strategy featured with mutual benefits and win-win from beginning to end, adheres to the combination of ‘absorb foreign capital’ and ‘expand export’. What’s more, Chinese government has also released a series of principles and policies of encouraging foreign direct investment in a bid to constantly perfect the environment of attracting investment, and becomes the developing country with the most absorbed foreign investment for 17 consecutive years.”
Wang expressed simultaneously that Chinese economic steady recovery and the world’s economic structural adjustment will bring new opportunities for China to further absorb foreign investment and constantly improve the level of absorbing investment, and Chinese government will also further the research and perfection of the policies for steady utilization of foreign investment, reduce approval items and delegate the authority of approval, liquidate and regulate the administrative charges and examination items concerning foreign investment and optimize the environment of foreign investment.
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