Beijing Improves Investment Environment for WTO Entry
Beijing will provide a more favorable investment environment to meet WTO requirements, said Jia Qinglin, secretary of Beijing Municipal Committee of the Chinese Communist Party.
At a discussion with representatives from some transnational Companies, Jia said Beijing will be among the first group of cities to further open up their commerce, foreign trade, finance, insurance and security market to overseas investors. Procedures for the approval of foreign investment will become a lot less complicated and bureaucratic in Beijing.
Representatives from more than 20 enterprises such as General Electric, Motorola and Microsoft and some embassies took part in the colloquium.
According to the latest figures, Beijing has approved 14,800 foreign investment projects totaling some 27.986 billion US dollars. By the end of the February, 154 of the top five hundred enterprises in the world had set up agencies in Beijing.
Beijing will provide a more favorable investment environment to meet WTO requirements, said Jia Qinglin, secretary of Beijing Municipal Committee of the Chinese Communist Party.
