Home>News Center>China
           
     

    Wu Yi: China to go further than WTO promises
    By Zhang Jin (China Daily)
    Updated: 2004-09-09 00:46

    Vice-Premier Wu Yi pledged Wednesday that China will further improve the investment environment to attract more foreign investors to fuel the country's brisk economic growth.

    Speaking at the opening of the eighth China International Fair of Investment and Trade, which opened Wednesday in Xiamen, Fujian Province, Wu said the central government will intensify its efforts to encourage domestic companies to explore international markets.


    Vice-Premier Wu Yi holds up a gold key to open the Eighth China International Fair of Investment and Trade in Xiamen of Fujian Province. The fair is known for serving overseas investors coming to China and Chinese businesses going abroad. [newsphoto]

    "The Chinese Government encourages overseas companies to participate in China's drive of developing its west and Northeast, increase their investment in the high-tech and research sectors, establish more regional bases, and purchase centres and logistics centres in China," Wu said.

    Remarkable achievements have been made over the past 26 years in attracting foreign investments thanks to China's efforts to improve its investment environment and open its markets wider to the outside world, said Wu.

    China has simplified administrative processes and has slashed the amount of bureaucracy required to facilitate foreign investment in recent years, a move that greatly improved foreign investors' confidence, said Wu.

    This progress accelerated after the nation joined the World Trade Organization (WTO) in late 2001, as China has fully stood by its WTO commitments in tariff-reduction, the elimination of non-tariff barriers and the opening of its service trade sector.

    Wu pointed out that the nation has actually gone much further than its WTO commitments.

    For example, "China moved ahead of the deadline in loosening controls over its foreign trading rights with the new Foreign Trade Law taking effect on July 1," she said.

    And more efforts will be made to prevent the infringement of intellectual property rights (IPR), said Wu. Foreign investors have complained that rampant piracy and IPR violation in China are making it difficult for them to do business.

    "The Chinese Government attaches great importance to IPR protection," said Wu.

    "China's Supreme People's Court and the Supreme People's Procuratorate are drafting legal interpretations concerning criminal penalties over IPR violations, said the vice-premier, adding these are expected to be published before the end of the year.

    Until July, a total of more than 490,000 foreign-invested enterprises have been set up in China with actual investment of US$540 billion.

    Among world's top 500 multinational corporations, more than 400 have invested in China. And 30 of them have set up regional bases in the country.

    China has also witnessed the establishment of more than 600 foreign-invested research and development centres, which demonstrates that the country's ability to lure quality foreign funds has been greatly improved.

    Meanwhile, the vice-premier also said it is equally important for Chinese companies to "go global," as economic globalization continues to gather pace.

    "To encourage capable Chinese market to go out is an important policy of the Chinese Government," she said.

    The move is of vital significance as the Chinese economy becomes increasingly integrated with the world market.

    Backed by the central government, China's outward investment has increased by leaps and bounds, Wu said.

    By 2003, Chinese companies had invested US$33.2 billion in 7,470 companies in more than 160 nations and regions.

    The money goes to a diverse range of businesses including manufacturing, agro-processing, mining, project contracting, and research and development, instead of the traditional sectors such as foreign trade, shipping and catering.



     
      Today's Top News     Top China News
     

    Wu Yi: China to go further than WTO promises

     

       
     

    Southwest flood death toll reaches 164

     

       
     

    Elders' problems centrestage at forum

     

       
     

    Further opening in banking sector pledged

     

       
     

    Russia vows to attack 'terror' worldwide

     

       
     

    Presidents promote growth with Gabon

     

       
      Further opening in banking sector pledged
       
      Wu Yi: China to go further than WTO promises
       
      Southwest flood death toll reaches 164
       
      "Mainstream" blockbuster hits box office
       
      Sexy clothes banned at work
       
      Elders' problems centrestage at forum
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      News Talk  
      It is time to prepare for Beijing - 2008  
    Advertisement
             
    国产啪亚洲国产精品无码| 亚洲日韩精品A∨片无码| 亚洲AV无码一区东京热| 成人性生交大片免费看中文 | 国产无遮挡无码视频免费软件| 人妻精品久久久久中文字幕一冢本| 久久精品中文字幕无码绿巨人| 久久无码AV一区二区三区| 婷婷色中文字幕综合在线| av无码播放一级毛片免费野外| 亚洲AV无码不卡在线播放| 伊人蕉久中文字幕无码专区| 日韩欧美群交P片內射中文| 久久中文字幕无码专区| 国产精品亚韩精品无码a在线| 无码专区中文字幕无码| 国产AV无码专区亚洲AV手机麻豆| 久久久噜噜噜久久中文字幕色伊伊| 亚洲精品成人无码中文毛片不卡 | 中文字幕人妻无码一夲道| 天堂√在线中文最新版| 天堂亚洲国产中文在线| 日韩中文字幕精品免费一区| 中文字幕在线无码一区| 无码专区6080yy国产电影| 日韩av片无码一区二区三区不卡| 久久精品国产亚洲AV无码麻豆| 日韩一区二区三区无码影院| 久久久久亚洲AV无码麻豆| 无码午夜成人1000部免费视频 | 亚洲色中文字幕无码AV| 日韩AV无码一区二区三区不卡毛片| 最好看最新高清中文视频| 中文字幕亚洲精品资源网| 亚洲日本va午夜中文字幕一区| 天堂新版8中文在线8| 日韩中文字幕在线视频| 亚洲不卡无码av中文字幕| 乱人伦中文无码视频在线观看| 人妻AV中出无码内射| 亚洲AV无码精品色午夜果冻不卡|