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China's diplomat says putting political label on Chinese investors unfair

(Xinhua)

08:19, October 17, 2012

Perth, Australia, Oct. 16 (Xinhua) --- China's top envoy in Australia has told a massive audience of business leaders that Australia should further improve the investment environment for Chinese investors.

At a dinner organized by Australia China Business Council (ACBC) in Perth, Ambassador Chen Yuming said "Chinese investors, whether they are state-owned or private enterprises, are all business entities in pursuit of profit. They look across the world for investment targets that are low cost, high quality and with a good environment. To put a political label on them is unfair."

"Chinese investors hope for a good investment environment in Australia. Investors always vote with their feet," Chen added.

The ambassador also calls on the two countries, especially Australia, to pay more efforts to further strengthen the bilateral communication.

"Some people say China understands Australia more than Australia understands China. I share the same feeling. It is important to be willing to lean over and really learn about and understand a China that is friendly, modest and pragmatic," Chen said.

Chen said he believes that the "China-boom" transforming the state of Western Australia will continue to drive prosperity in Australia for years to come.

He said, "China's economy has structural drivers for long term and stable growth. China's urbanization will continue at an annual rate of 0.8 percent. On-going industrialization, application of information technology and agricultural modernization will continue to unlock great potential of development and enormous consumption demand."

The ambassador described the key word in his speech as " development". Chen said "In the past 63 years, great changes have taken place in China. Its economic size increased by 110 times and per capita income up by 230 times. GDP has grown at an average annual rate of 9.9 percent in the past three decades, and external trade in 2011 was 3,100 times more than that of 1950."


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