Beijing Striving to Cut Costs for Foreign Investors

Home>>Business

Last updated at: (Beijing Time) Tuesday, January 07, 2003

Beijing Striving to Cut Costs for Foreign Investors

The Chinese capital of Beijing will strive to help cut costs for foreign investors in the city, especially in the manufacturing sector, Mayor Liu Qi said here Monday while meeting with the head of US mobile phone giant Motorola.

DISCUSSION

CHINESE

SEND TO FRIEND

The Chinese capital of Beijing will strive to help cut costs for foreign investors in the city, especially in the manufacturing sector, Mayor Liu Qi said Monday while meeting with the head of US mobile phone giant Motorola.

"This is one of our priorities in the near future," said Liu, who is also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Beijing Municipal Committee.

He told Mike Zafirovski, president and chief executive officer (CE0) of Motorola, that his city would make the modern manufacturing industry a pillar of the local economy and the modern service industry a point of growth.

Noting that Beijing had kept improving its investment environment over recent years, he said the emphasis in the near future was placed on reducing costs for foreign investors, especially land costs in the manufacturing industry.

Meanwhile, he expressed the hope that more foreign investors would set up regional headquarters and research and development centers in Beijing.

Questions?Comments? Click here

Beijing Promises Continued Support of Foreign Investment

Beijing Welcomes Investment from Foreign Companies

China Lodges Formal Representation to Japan About Diaoyu Islands ( 2 Messages)

Russia Warns US Against Improper Approach to DPRK's Nuclear Issue ( 74 Messages)

China's Unmanned Spaceship Lands ( 2 Messages)

China's Space Program on Course: Official ( 4 Messages)

US to Take Part in Taiwanese Military Drills: Report ( 2 Messages)