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Improved Soft Investment Climate Urged for Western Development
An urgent task facing Western China's development is to improve its soft investment climate, this is even more important than efforts for an improved hard environment, said Li Zibin, vice-minister of the State Development Planning Commission and deputy director of the Western Development office of the State Council.
Li made the remarks on a lecture given senior officials of Guangxi Zhuang Autonomous Region with regard to Western China's development strategy. He said that state funds to be put into the western territory will be limited without doubt and the western regions should depend on themselves to improve and optimize their investment climate so as to attract more funds from domestic and international markets.
Most foreign investors have complaints about western regions' soft investment climate, Li said, therefore they must work hard on it and make efforts for bringing into being a fine operational investment environment.
To this end, the local governments should raise their efficiency in application examinations and strengthen their functions in macroeconomic regulation and control, society administration and service. Meanwhile, a modern market system is to be built focusing on a full-blown setup of production accessories as capital, technology and talents. Efforts must also be made for a raise of the level of rule by law in various provinces and cities, putting markets in good order and protecting the legal rights of investors.
By PD Online staff member Li Heng
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