China Issues First Ever Report on Foreign Investment

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Last updated at: (Beijing Time) Tuesday, September 09, 2003

China Issues First Ever Report on Foreign Investment

China issued its 2003 report on foreign investment Monday at the China International Fair for Investment and Trade.

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China issued its 2003 report on foreign investment Monday at the China International Fair for Investment and Trade in Xiamen.

Vice Minister of Commerce Ma Xiuhong said the launching of the report marks a new stage in China's efforts to absorb foreign investment. The report, a major gateway for China to open wider to the outside world and for the international community to have a better understanding of China, will be compiled and issued by the ministry every year.

The 170-page report provides detailed statistics and information on China's introduction of foreign direct investment (FDI) and the country's investment environment.

According to the report, 2002 was an important year, when China reached new highs in its level of FDI. China used a record 52.7 billion US dollars of FDI in 2002.

Experts attending the report launch ceremony said that despite the slow recovery of the global economy and the trend for declining multinational investment, especially the impact of SARS (severe acute respiratory syndrome), China had achieved remarkable results in economic restructuring and its advantages in attracting foreign investment have become increasingly prominent. The intention of multinational corporations to invest in China has not weakened.

According to the experts, China will continue to be the most attractive place in the world for international investors, backed by the country's sustained rapid economic development, enormous development opportunities, and improving investment environment.

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