Foreign firms still gung ho on China

16:28, July 08, 2010      

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Foreign companies operating in China and experts on Wednesday reiterated that the nation is still an attractive destination for investors.

The government has been actively trying to remove restrictions and improve the rules and regulations facilitating foreign direct investment, they said.

Concerns that the investment climate in the nation is deteriorating surfaced earlier on Wednesday after the World Bank Group said in a report that restrictive and obsolete laws are acting as impediments to foreign direct investment (FDI) worldwide. The report said poor implementation of laws is resulting in additional investment costs.

Though China is also included in the Investing Across Borders 2010 report, it does not elaborate on the specific nations and regions.

The report is the first by the World Bank Group that offers objective data on the laws and regulations related to FDI worldwide, and covers over 87 nations and regions.

"Clear and effective laws and regulations are vital for ensuring best results for host economies, their citizens and investors," said Janamitra Devan, vice-president of Financial and Private Sector Development under the World Bank Group.

The agency said detailed information on the investment environment in the nations, including China, will be released over the next few days.

Source:China Daily
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