China signs investment-protection contracts with 106 nations

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Last updated at: (Beijing Time) Wednesday, December 17, 2003

China signs investment-protection contracts with 106 nations

China has signed bilateral contracts with 106 nations to protect investment, the Ministry of Commerce announced Tuesday in Beijing.

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China has signed bilateral contracts with 106 nations to protect investment, the Ministry of Commerce announced here Tuesday.

The countries comprised 38 in Asia, 34 in Europe, 20 in Africa,five in North America, six in South America, and five in Oceania.

China also signed contracts with 81 nations worldwide to avoid dual taxation from investors.

Contracts to protect investment include items like protected investment assets and fair treatment of foreign investors and their businesses.

Contracts to avoid double levies deal with the taxation of foreign investors in China and domestic companies, and individuals engaging international business.

The contracts made foreign investors feel more secure, created a better investment environment, and strengthened international exchanges in investment, trade and science and technology, ministry officials said.

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