World should show more tolerance to Chinese companies: expert

08:54, November 04, 2010      

Email | Print | Subscribe | Comments | Forum 

At a forum held at the second China Overseas Investment Fair, Huang Xingyuan, secretary general of the Chinese People's Institute of Foreign Affairs, called for the global community to be more tolerant on their ever-increasing requirements for China's foreign investment in their respective countries.

According to him, on one hand, many countries crave for a wider scope in foreign investment in their lands, while on the other hand, they adopt certain protectionism toward Chinese companies who venture out for their lot.

He mentioned also that China's current situation, including weak and unbalanced development basis and so on, need to be given understanding by the international community.

Huang also said that Chinese companies should learn from examples set by Japan and Korea: goinOg out and overcoming cultural barriers as well as adapting to local environments, thus, winning the trust from governments and the public when expanding in the overseas market.

Mario Amano, deputy secretary general of Organization for Economic Co-operation and Development (OECD), said that the risk of protectionism is always lingering. According to him, international investment by China and other emerging economies opens new investment opportunities and creates jobs. Many companies at the OECD now are faced with a shrinking market at home, and a partnership with emerging investors will be of great value.

"However, new investors are not always welcomed in the marketplace. There have been national security concerns that sovereign wealth funds and foreign government-controlled investors chould be motivated politically rather than commercially. Additional concerns have been expressed regarding unfair competition and even disrespect for international norms with respect to labor and human rights," Amano said during the speech.

Source: Global Times

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion