Beijing to Offer Better Investment OpportunitiesThe city government of China's capital will offer greater benefits for overseas investors in a package policy put forward at a recent meeting on foreign trade and economic cooperation.Mayor Liu Qi said the city is expected to achieve new breakthroughs in foreign trade and economic cooperation this year, so as to face challenges and opportunities brought about by China' s expected entry into the World Trade Organization (WTO). Beijing will promote exports by selling more local goods abroad, mainly machinery and electrical products and high-tech products, Liu said. He called for special efforts to attract international high-tech companies to invest in the city's high-tech industry, state enterprises and infrastructure. Long- and mid-term foreign investment is encouraged in various forms, such as venture investment, BOT (build, operate and transfer), and TOT (transfer, operate and transfer), he said. Local companies will be encouraged to invest abroad or set up businesses in foreign countries, as part of the efforts to boost the export of local equipment, parts and materials, as well as labors, Liu said. |
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