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Sichuan to Improve Investment Environment
The Sichuan Provincial Government recently announced that it will further open up the province to foreign investors and exert greater efforts to improve local investment environment this year.
Li Dachang, vice governor in charge of foreign investment, said that his province has made the year 2001 a "year of improving the investment environment for foreigners."
Li said the provincial government of Sichuan, southwest China, will standardize activities involving collecting fees on foreign-funded enterprises, and inspections in such enterprises. The provincial government will take measures to protect key foreign-funded enterprises.
At the same time, top priority will be given to handling complaints put forward by local foreign-funded enterprises, and related government departments at all levels will take practical steps to help these enterprises solve their difficulties.
The province will also simplify procedures for approving foreign-funded enterprises and ask work staff to improve effectiveness and better serve foreign investors, according to Li.
Currently, Sichuan has set up trade relations with more than 100 countries and regions worldwide. The province has established some 6,000 foreign-funded enterprises, involving a contractual foreign investment of 12 billion U.S. dollars.
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