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New Guide to Foreign Investment Expected
Ma Xiuhong, assistant minister of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), told newsmen lately at the 5th China Investment and Trade Fair in Beijing that A Directory of Industries as a new guide to investment by foreign investors in China is near completion. A guidebook to help foreign investors in China from abroad, "Directory" saw its first publication in 1987. Put out in a revised addition in 1995, it had new amendments made in 1997 and as is needed for a new global economic situation and new demands in the 21st century, the new "Directory" with new revisions made will soon be made available.
According to Ma, control on encouraged projects in China will be greatly relaxed and as set by its 10th Five-year Plan industrial undertakings projected will show investors a happy prospect for making investments in China as a result of opening, reform and further restructuring of the Chinese economy.
Ma also pointed out that China's service sector will be greatly opened to foreign investors and that the country will continue to improve its "Directory" for new economic advances after its entry of the WTO in the new century.
By PD Online staff member Deng Gang
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