Foreign firms still gung ho on China (3)

16:29, July 08, 2010      

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"With more than $2 billion invested, GE continues to grow its operations through partnerships with Chinese companies and the government. We have strong confidence and faith in the China market and will continue our commitment to make China our second home," the statement said.

According to the United Nations Conference on Trade and Development, China outperformed the rest of the world in 2009 as a FDI destination. Last year, the FDI that China absorbed dropped 2.6 percent, while the global FDI plummeted by almost 40 percent.

The research center on transnational corporations under the Ministry of Commerce expects FDI to increase this year under the new guidelines.

In a recent interview, John Watkins, chairman of the American Chamber of Commerce in China, said. "China is an opportunity for most American companies, be it the industrial sector, the consumer sector or the retail sector. The nation represents most of the opportunities in the near term for many of our members."

Lan Lan contributed to this story.

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