China to Continue International Investment Cooperation

September 9, 2008 Posted by China Briefing Reading Time: < 1 minute

Sept. 9 –China will continue its national policy of opening up and participation in international investment cooperation Vice Premier Wang Qishan said today at the 12th Xiamen International Trade and Investment Fair in the east Fujian province.

China also hopes to maintain and improve on policies regarding the use of foreign investment and allow more foreign companies to develop their business in the country, Wang said.

Thirty years have passed since China opened up to international trade and entered the World Trade Organization that further integrated it with the world’s economy.

Beijing will look to improve the investment environment through more service-oriented government, a market of fair competition, and a transparent and stable legal policy, Wang said. The government will be looking into diversifying ways to utilize foreign investment while encouraging local companies to expand abroad.The government vows to cooperate with the world to eliminate trade and investment barriers, he said.

More than 6,000 projects have participated in the three day Xiamen fair. Most of them focused on the fields of infrastructure construction, tourism, agriculture, mineral resources exploitation, manufacturing and processing.