No change in foreign capital use, vows govt spokesman
Updated: 2016-03-02 20:21
By Hu Haiyan(chinadaily.com.cn)
|
|||||||||
Wang Guoqing, spokesman for China's top political advisory body, has vowed that the government will not change policies for utilizing foreign capital, and China will continue to create a sound development environment for foreign companies and safeguard their benefits.
According to the Ministry of Commerce, China's use of foreign capital saw a year-on-year rise of 5.6 percent. By the first 11 months of last year, the number of foreign companies that invested in China had increased by 11 percent year-on-year.
"Capital goes after benefits. The statistics demonstrated that the saying that the environment for foreign companies has been deteriorating doesn't hold water," Wang, spokesman for the fourth session of the 12th Chinese People's Political Consultative Conference National Committee, said on Wednesday.
"Over the past two years, the National Committee has conducted research about foreign company development environment in China. From my personal experience and those researchers contacting foreign companies, the environment for the development of foreign companies in China has improved rather than deteriorated," he said.
"It is a fact that because production costs have risen, people's lives and needs have changed, and market competition becomes more and more fierce, it gets harder for foreign companies to earn profits. Yet I want to emphasize that the Chinese government is strongly committed to providing a legal, international and convenient business environment for foreign companies. China, a huge market with 1.3 billion people, will still be a popular destination for foreign investment and foreign companies can still make profits here," said Wang.
According to the Business Environment in China 2015, issued by the American Chamber of Commerce in China, more than 60 percent of its members rank China in the top three destinations for international investment.
In a business confidence report issued by the European Union Chamber of Commerce in China, 61 percent of European enterprises consider China an increasingly important part of its global strategy. The annual report of the Japanese Chamber of Commerce and Industry in China says its domestic sales-based enterprises and industries are predicted to continue doing well in the Chinese market.
- Foreign companies bet on China's consumers
- Opportunities for foreign companies in China will grow, says vice-premier
- Chinese sign mega-deals with foreign companies at China-Russia Expo
- China offers massive opportunities for foreign companies: AmCham
- WND foreign companies focus on young talent training
- Israeli army kills two Palestinian infiltrators
- Space station crew end record US spaceflight
- ROK conducts drill for WMD carried by DPRK ships
- EU to propose emergency humanitarian aid to Greece
- Cuba intensifies fight to fend off Zika virus
- UN chief calls for 'prompt, impartial' probe into airstrike on Yemeni market
- China's first large passenger plane poised for maiden flight
- Clashes break out as France begins clearing Calais migrant camp
- Top 10 cities with most billionaires in 2016
- Milan Fashion Week: Dolce & Gabbana Autumn/Winter 2016 collection
- Top moments from Oscars 2016
- China Daily weekly photos: Feb 20-26
- People view plum blossoms at scenic area in E China
- Rural e-commerce developed to promote local products in SW China
Most Viewed
Editor's Picks
8 highlights about V-day Parade |
Glimpses of Tibet: Plateaus, people and faith |
Chinese entrepreneurs remain optimistic despite economic downfall |
50th anniversary of Tibet autonomous region |
Tianjin explosions: Deaths, destruction and bravery |
Cinemas enjoy strong first half |
Today's Top News
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
Accentuate the positive in Sino-US relations
Dangerous games on peninsula will have no winner
National Art Museum showing 400 puppets in new exhibition
Finest Chinese porcelains expected to fetch over $28 million
Monkey portraits by Chinese ink painting masters
US Weekly
Geared to go |
The place to be |