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Guangxi Improves Overseas Investment Environment
Zhang Wenxue, vice-chairman of the Guangxi Zhuang Autonomous Region, recently pledged that his region would continue to work harder to improve overseas investment environment and attract more overseas funds.
In an interview with Xinhua, the vice-chairman elaborated that they would concentrate efforts on improving customs formalities at ports, continuing reform the levy of miscellaneous fees, improving government work efficiency, increasing consultancy on projects listed for overseas investment, and agent services.
According to him, in the past two years, the regional government has slashed 331 kinds of unreasonable fees levied on overseas-funded businesses, introduced new regulations over fee levying, set up special offices to handle complaints from overseas investors, and thus promoted overseas investment.
By 1999, Guangxi had 4,565 overseas-financed joint ventures which had injected up to 10 billion U.S. dollars into this south Chinese region.
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