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English > Finance > Finance-Breakingnews>China to Stimulate Foreign Investment

China to Stimulate Foreign Investment

06-16 13:14 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-06-15/110184787.html

» China's Ministry of Commerce and other relevant government agencies are adopting policies to prevent the decline of foreign investment, which has slipped 20.4 percent year-on-year to US$ 34.05 billion in the five months to May, Ministry of Commerce spokesperson Yao Jian noted at a press conference June 15.
» The coming policies include mainly three aspects: encouraging new and high technology industries to attract foreign investment; promoting foreign investment in China's central and western regions; and devolving project approval power to regional and central governments.
» China has witnessed eight consecutive months of conspicuous decline in new foreign investment,  which is influencing government revenues, employment, technological progress and industrial upgrading, says Yao.
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