Home>News Center
       
 

Foreign investors gain more access
By Fu Jing (China Daily)
Updated: 2004-12-12 23:46

Overseas investors are to be allowed wider Chinese business access, when a new government investment directory goes into effect at the beginning of the year.

Experts said the document, presented by the National Development and Reform Commission and the Ministry of Commerce, is in line with the country's World Trade Organization (WTO) commitments.

The detailed directory consists of various sectors the central government is presently encouraging or discouraging.

A commission spokesman said the update is aimed at attaining goals, such as allowing China to obtain more sophisticated technologies.

For example, the government is encouraging foreign investors to channel capital and research into such sectors as equipment production used in improving the environment and manufacturing electronic devices of vehicles.

Meanwhile, the government is speeding up the opening up of the service industry. It for overseas investors for the first time to have a presence in sectors such as film and TV production.

As the most populous developing country, China enjoys decisive comparative advantages in labour-intensive industries, which were widely encouraged by the government in the newly updated directory.

The directory, which was updated based on the old one made public after China entered into the WTO in 2001, can be reached at the commission's website www.ndrc.gov.cn.

Lin Yueqin, a researcher with Chinese Academy of Social Sciences, said yesterday that the directory has already given foreign investors nearly as many choices as domestic investors.

"But I should say, local governments should pay more attention to the quality of foreign projects," said Lin, adding that related governmental decision-makers should have a clear idea as to whether projects are really necessary for locals.

China's opening up, especially its WTO entry, has helped overseas investment flow into the country. Since 2002, China has absorbed actual foreign direct investment (FDI) worth more than US$50 billion a year. Statistics indicate that the amount of FDI China attracted in the first 10 months of this year reached US$53.78 billion, already exceeding that for the whole of 2003.

Eying the country's huge manufacturing prowess, foreign investors have also rushed in to share in the expanding Chinese market, said Lin.

But he blamed some local governments for paying a lack of attention to the social and environmental impact overseas projects bring.

Zhang Jianyu, visiting scholar with Tsinghua University, told China Daily yesterday that the directory cannot play a decisive role in attracting foreign investment.

"As China increasingly becomes market economy, the market will have final say for foreign investment," said Zhang.

He also said China's laws and regulations, instead of a directory, should play a bigger role in balancing foreign investment.

A responsible WTO member

Foreign businesses in China have said the country has kept the commitments it made joining the WTO three years ago and been a "responsible" member.

The US Chamber of Commerce in China said in a press release last week that China is "substantively in compliance" with its WTO commitments.

Elmar Stachels of the Bayer Group said China has kept its commitments in reducing tariffs, opening markets and its protection of intellectual property rights, and improved its transparency in policy making. This has heightened the confidence of foreign investors.

A recent survey shows 93 per cent of foreign businesses in Shanghai are satisfied with China's performance after its entry into the WTO.

Of the 1,000 foreign-invested companies surveyed, 86 per cent said they are optimistic about China's investment and trade environment in the next two years, and more than 95 per cent said they would either expand their Chinese operations or maintain their present sizes.

The survey, conducted by the Shanghai WTO Affairs Consulting Centre in collaboration with Shanghai Society of International Trade, was based on a questionnaire on post-WTO China.

Eleven per cent of the respondents gave China very high scores -- over 90 points with grades from zero to 100 -- for its overall performance over the past three years. Twenty-seven per cent gave grades between 80 and 89 and 42 per cent graded the country between 70 and 79.

Less than 4 per cent of the companies surveyed gave China failing grades below 60, with comments that the country has a lot to improve to meet its commitments to the world trade conglomerate.

For 49 per cent of the companies surveyed, the most essential issue for China to live up to its WTO commitment is to improve transparency. Other issues concerning their interests include enhancing protection of intellectual property rights and easier market access for foreign companies, according to the survey.

The companies surveyed largely included manufacturing firms or service providers, with most based in Japan, the United States, member states of the European Union and China's Hong Kong and Taiwan.



 
  Today's Top News     Top China News
 

Taiwan separatist's plan goes nowhere

 

   
 

Yushchenko calls for probe into poisoning

 

   
 

Textile limits imposed to ease trade concerns

 

   
 

15 killed in Philippines market blast

 

   
 

Traffic situation improving in Beijing

 

   
 

First mainland media company to launch IPO

 

   
  Human rights situation improved in China
   
  36 miners missing in Guizhou coal mine flooding
   
  Road accidents kill 96,870 this year
   
  China, Thailand work out new anti-AIDS drug
   
  3.38 million students to graduate in 2005
   
  Beijing's public toilet staff to learn English
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 亚洲乱人伦在线| 午夜看一级特黄a大片| 777四色米奇欧美影院| 小时代1免费观看完整版| 久久18禁高潮出水呻吟娇喘| 日韩精品极品视频在线观看免费| 亚洲欧美日韩国产精品网| 精品欧洲男同同志videos| 国产三级日产三级韩国三级| 成人免费视频69| 国产精品二区在线| 91精品国产手机| 在线视频你懂的国产福利| 一区二区三区在线|日本| 成人自慰女黄网站免费大全| 久久久久久久久久国产精品免费 | a级毛片免费全部播放| 无码一区二区三区免费| 啊灬啊灬别停啊灬用力啊 | 男人j进女人p里动态图| 农村胖肥熟口味重| 美女把尿口扒开让男人桶| 国产一卡二卡三卡| 赵云腹肌下的紫黑巨龙h | 一区二区三区四区在线视频| 我要看18毛片| 中文字幕网在线| 日日躁夜夜躁狠狠躁超碰97| 久久只有这里的精品69| 日韩三级电影院| 久久精品国产清白在天天线| 极品丝袜老师h系列全文阅读| 亚洲免费人成在线视频观看| 欧美成人免费一区在线播放| 亚洲欧美日韩国产精品久久| 欧美色图综合网| 亚洲欧美日韩中文无线码| 欧美疯狂性受xxxxx喷水| 亚洲欧美中文字幕| 欧美日韩一级二级三级| 亚洲成人在线免费观看|