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China Offering More Business Opportunities to Overseas Investors
China has offered favorable business opportunities to overseas investors as reforms and openning-up continue and modernization process picks up speed, said State Councilor Wu Yi Friday in Xiamen in southeast China's coastal province of Fujian.
She summed up the major opportunities to overseas investors in her speech titled "An Open China with Brilliant Future" in the luncheon meeting of the Fourth China Fair for International Investment and Trade.
Wu promised that overseas investment will find enormous potential in such areas as agriculture, water conservation, energy, communications, telecommunications, raw materials, environmental protection, high-tech and important equipment as China continues to implement the principle and policies of driving domestic demand and facilitates the strategic readjustment of economic structure.
"China is carrying out the strategy of developing the western region. The industrial base, technical strength and rich natural and labor resources in the middle and western regions are favorable conditions for overseas people to participate in the cooperation and development of these regions", said Wu.
She pointed out that the Chinese State-owned enterprises are exploring modern corporate system. It is one of the important measures to attract overseas investment to reorganize and improve themselves.
"High-tech industry of China has broad market prospect," said Wu. Multinational corporations can make full use of the existing technical team and large number of high-quality talent in China and enjoy corresponding preferential policies if they come to set up research and development center, invest in the hi-tech industry or technology research and development projects, or participate in the commercialization of high technologies and technical renovation of traditional industries.
To further open up services industry is a significant measure taken by China to achieve coordinated economic growth, according to Wu.
Overseas investors can introduce rich experience and advanced managerial methods in respect to services so that China's intermediary service organizations including banking, insurance, commercial retailing, foreign trade and accounting firms and make new progress.
"All in all, China will continue to generate unlimited business by relying on its time-honored historical tradition, profound cultural content, convenient infrastructure, and complete industrial system, as well as a sound environment for innovation, rich resources and enormous market potential," Wu said.
"The Chinese government welcomes entrepreneurs from all countries to make investment and will redouble efforts to improve investment environment, while providing better management and services related to overseas-funded businesses which will lead to more favorable operational conditions for overseas investors," Wu added.
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