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China to Adjust Policies of Foreign Invesment after WTO Entry
The Chinese government will design new policies for using foreign capital under the condition of China's joining the WTO, according to sources from a national foreign investment working conference which closed Friday in Lanzhou, the capital city of western Gansu Province.
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).
China will maintain a reasonable scale of foreign investment, further expand the scope of foreign investment and explore new ways in using foreign capital, according to a SDPC official.
SDPC will also channel more foreign preferential loans for infrastructure projects and guide overseas business to invest in China's western regions.
The government will study effective ways of using foreign capital to support the coordinated development of state-owned enterprises and multi-ownership economies, according to the sources.
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