Foreign companies get boost (2)

11:51, August 21, 2010      

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For domestic firms that are still struggling in the lower end of the industrial value chain, tie-ups with foreign companies are a good learning experience, he said.

Analysts said the latest directives will facilitate the flow of foreign investment into China and foreign investors will continue to play an important role in the country's economic restructuring in the coming decades.

During a meeting with German Chancellor Angela Merkel in July, Premier Wen Jiabao reiterated that China always welcomes foreign enterprises and will provide them with treatment equal to that of domestic companies.

Despite foreign accusations of China's challenging investment environment, the country's foreign direct investment continued to surge in July, up 29 percent from a year earlier. The increase showed that foreign investors are still keen about operating in China, one of the most vibrant economies in the world, analysts said.

Source: China Daily
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(Editor:黄蓓蓓)

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