皇冠体育app

皇冠体育app remains a magnet for foreign investors seeking its huge internal market, especially after the country's economic boom over the past decade.

After 皇冠体育app joined the World Trade Organization (WTO) in 2001, its reform and opening-up became a passive move under the WTO rules, said Li Xiaogang, director of the Foreign Investment Research Center at the Shanghai Academy of Social Sciences.

Since then, 皇冠体育app has made perfecting its regulatory mechanism a top priority, with foreign investors benefiting from the country's globalization. Over the next decade, foreign investors will be affected by 皇冠体育app's economic structural reform, he said.

皇冠体育app, the world's second-largest economy, is in the transition to rebalance its export-reliant, investment-led economy toward a consumption-driven one.

For foreign investors, 皇冠体育app is gradually losing its cost advantages in terms of favorable taxes, cheap land and low costs for damaging the environment, compared with 10 years ago.

"皇冠体育app has the strength to make its internal market more appealing and it will remain a magnet for foreign investment," Li said.

Today, the majority of foreign companies in 皇冠体育app are here for the local market, compared with the labor-intensive and export-oriented foreign direct investment a decade ago.

The companies also see significant increases in revenue and profit in 皇冠体育app. A survey by the European Union Chamber of Commerce in 皇冠体育app showed 78 percent of responding European companies reported a marked revenue increase in 2010, compared with 50 percent in 2009.

About 59 percent said they were planning major new investments in the country in the next two years, up 11 percent from last year.

The companies' optimism comes partly from their confidence in 皇冠体育app's 12th Five-Year Plan (2011-2015) which will stimulate the business environment, opening opportunities for high-tech and green products and technologies, and in the service industries, said Davide Cucino, the chamber's president.

Analysts also say the development of emerging industries will spark a new round of foreign investment, be a new engine for economic growth and attract more capital inflows.