Help | Sitemap | Archive | Advanced Search   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 CPC and State Organs
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Wednesday, September 05, 2001, updated at 22:06(GMT+8)
Business  

China Vows to Facilitate More Foreign Investment

The Chinese government will improve its law, policy, administration and market environment for foreign investors, said Sun Zhenyu, vice minister of Foreign Trade and Economic Cooperation in a keynote speech at the ongoing China Western Forum Wednesday.

Sun said in accordance with the rules of World Trade Organization, which China is expected to join soon, the government will speed up amending and setting laws related to foreign affairs such as the patent law in a bid to protect foreign investors' rights and interests.

Meanwhile, the approval procedures for foreign investment projects will be simplified and a more transparent policy environment is to be offered by the government.

As for the market, the vice minister promised to cut any indiscriminate charges to foreign-funded companies and to stop local protectionism to create a more open and fair competition atmosphere.

Statistics show that as part of China's opening up policy, the policy of attracting overseas investment has largely contributed to the country's economic growth. By the end of July, there were 378,000 foreign-funded companies, involving 700 billion U.S. dollars in contractual investment.







In This Section
 

The Chinese government will improve its law, policy, administration and market environment for foreign investors, said Sun Zhenyu, vice minister of Foreign Trade and Economic Cooperation in a keynote speech at the ongoing China Western Forum Wednesday.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved