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China Defines tasks in Using Foreign Funds
A national foreign investment working conference that closed Friday has defined China's foreign investment work for the year.
The conference, held by the State Development Planning Commission, analyzed and studied the impact of China's coming accession into the World Trade Organization on the use of overseas capital and how to use foreign funds during the "10th Five-Year Plan" period (2001-2005).
Sources from the conference said that the government will design policies for using foreign capital under the condition of China's joining the WTO, maintain a reasonable scale of foreign investment, further expand the scope of foreign investment and explore new ways in using foreign capital.
The State Development Planning Commission will also channel more foreign preferential loans for infrastructure projects and guide overseas businesses to invest in China's western regions. Efforts will be made to study effective ways of using foreign capital to support the coordinated development of State-owned enterprises and multi-ownership economies.
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