Increase of Foreign Investment in Western China
During the first two months of this year, the actual use of foreign investment in China’s western part was 1.393 billion U.S. dollars, exceeding the nation’s average by 128 percentage points. A total of 254 foreign companies were approved to invest in the region. Thanks to the nation’s encouraging policy for foreign investment to the middle and western regions, a number of measures, like advocating a transfer for foreign investment from the eastern regions to the western regions and encouraging local government to use the investment in an innovative way, are taken by the ministry of commerce to develop the west in an all-round way.
Consequently, the ministry will keep improving regulations on foreign acquisition and merger and establish an anti-dumping investigation mechanism. Foreign investors would also be welcome to participate in the reforms of state-owned companies.
By the end of February, the number of foreign invested company amounted to 637,000 nationwide and the amount of actual use of foreign investment reached 781.1 billion U.S. dollars according to statistics available.
Popularity: 5%