Home>News Center>China
           
     

    Foreign input to grow despite cooler steps
    By Dai Yan (China Daily)
    Updated: 2004-06-16 23:26

    China's measures to cool down overheated parts of the economy will not stem the flow of foreign investment, a senior official said.

    Foreign investment in 2004 may roughly match or exceed the US$53.5 billion from 2003, said Vice Minister of Commerce Ma Xiuhong yesterday.

    "Sustainable growth of China's economy will, in turn, drive up foreign investment and help attract high-quality investment," Ma said at a news conference for the 8th China International Fair for Investment and Trade (CIFIT). The fair is the only nationwide international fair focusing on overseas investment. It will be held between September 8-11 in Xiamen.

    China has recently taken steps to slow down overheated industries such as steel, cement and aluminium. The country raised bank reserve requirements and curbed loans to these sectors.

    Ma said foreign investment in the these sectors were at a reasonable level and not part of the problem.

    "There is no data showing that foreign investment in the sectors of steel, cement and aluminium is excessive," she said.

    Ma also made it clear China does not welcome investments by Taiwan business people who are in favour of independence from the Chinese mainland.

    "One thing is for sure -- we will not welcome those Taiwan businessmen who are resolutely in support of Taiwan independence or undertake separatist activities," Ma said.

    However, Ma stressed the policy upheld by the Chinese mainland to encourage Taiwan compatriots to make investments in Chinese mainland has not been changed.

    "Their legitimate rights and interests will be protected by our laws and regulations," she said.

    Foreign direct investment (FDI) rose 1.4 per cent in 2003 to US$53.5 billion.

    In the first five months of 2004, China attracted US$25.9 billion in FDI, up 11.3 per cent from the same period a year earlier, which was described by Ma as a moderate and suitable rate.

    "The actual amount of foreign investment in 2004 is expected to roughly keep the level in 2003 and we will strive to achieve a certain increase," she added.

    Despite the growth, Ma said the Ministry of Commerce still faces the challenges of bringing China's full advantages into play to lure more FDI. The goal, she said, is to figure out how to make the investment better serve domestic economic development.

    She said China will work to make itself more attractive to foreign investors.

    Ma said China's FDI structure was further optimized, citing that the service sector attracted more investment, and foreign investors showed greater interest in high-tech industries and research and development centres.

    She said the growth of FDI in central and west China, as well as the old industrial base in Northeast China, was very fast. East China still took away more than 85 per cent of the total FDI.

    Foreign-funded enterprises in China generated a combined industrial added value of 314.27 billion yuan (US$37.9 billion) in the first quarter of this year, a rise of 21.1 per cent from 2003's corresponding figure, and accounting for 27.77 per cent of the national total.

    From January to May, foreign-funded enterprises exported US$119.04 billion worth of goods, up 41.78 per cent year on year and accounting for 57.34 per cent of China's total.

    Foreign-funded enterprises paid taxes worth of 122.7 billion yuan (US$14.82 billion), rising by 22.98 per cent and representing for 19.55 per cent of the country's total.

    #

     
      Today's Top News     Top China News
     

    Price of power rises to stop heavy use

     

       
     

    Foreign input to grow despite cooler steps

     

       
     

    NBS: China can avoid severe inflation

     

       
     

    Gas leak kills one, injuries 60 in Fuzhou

     

       
     

    Hu: Closer links with Central Asia sought

     

       
     

    Former Guizhou Party chief tried for bribery

     

       
      Gas explosion kills 15, injures five miners
       
      Foreign input to grow despite cooler steps
       
      Gas leak kills one, injuries 60 in Fuzhou
       
      Price of power rises to stop heavy use
       
      Court tries 1973 zoo injury case
       
      Business, community groups asked to help seniors
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      Related Stories  
       
    China to improve environment for foreign investors
       
    China attracts US$53.5b foreign investment in 2003
       
    FDI reaches US$25.91b in 1st 5 months
       
    Taiwan investors welcome in mainland
      News Talk  
      When will china have direct elections?  
    Advertisement
             
    人妻丰满熟妇AV无码区HD| 亚洲欧美中文日韩在线v日本 | 人妻丰满熟妇aⅴ无码| 日韩免费a级毛片无码a∨| 久久久无码精品亚洲日韩京东传媒 | 人妻无码精品久久亚瑟影视| 亚洲日韩精品无码一区二区三区| 久久人妻AV中文字幕| 国产AV一区二区三区无码野战| 久久亚洲AV无码精品色午夜麻豆 | 亚洲无av在线中文字幕 | 久久久久亚洲AV无码去区首| 亚洲AV无码片一区二区三区| 最近2019年中文字幕一页| 亚洲午夜福利精品无码| 国产成人无码a区在线视频| 亚洲AV日韩AV永久无码免下载| 中文字幕在线播放| 日本精品久久久久中文字幕| 中文字幕无码乱人伦| 亚洲成?Ⅴ人在线观看无码| 国产精品无码久久久久| 性无码一区二区三区在线观看| 日韩AV片无码一区二区三区不卡 | 日韩精品无码一区二区视频| 欧美日韩中文国产一区| 亚洲一区无码中文字幕| 婷婷色中文字幕综合在线 | 亚洲成AV人片在线播放无码| 国产av无码专区亚洲av果冻传媒 | 亚洲av永久无码精品秋霞电影影院 | 青春草无码精品视频在线观| 精品无码一区二区三区亚洲桃色 | 精品视频无码一区二区三区| 日韩欧精品无码视频无删节 | 国产在线无码精品电影网| 亚洲AV无码无限在线观看不卡| 亚洲日韩中文在线精品第一| 无码夫の前で人妻を犯す中字| 中文字幕亚洲无线码| 亚洲啪啪AV无码片|