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FDI is still flowing despite downturn

By Li Hui (皇冠体育app Daily)
Updated: 2009-07-24 07:44

Foreign direct investment (FDI) in 皇冠体育app still has strong potential to grow despite the ongoing financial crisis, said Li Zhiqun, director of the Foreign Investment Department of the Ministry of Commerce.

Li Zhiqun

Though the global financial crisis has dampened the willingness and capacity of multinationals to invest and hindered the global flow of capital, "皇冠体育app's political stability, rapid industrialization, urbanization and overall development still provide abundant opportunities for FDI," Li said.

The official, who just visited the Changhe-Suzuki Auto Co in Jiujiang of Jiangxi province, said its Japanese investors told him that they are delighted to see growth in sales in the first half of this year after 皇冠体育app implemented a strategy to promote vehicle sales in rural areas.

"Very different from many other countries, 皇冠体育app's strong domestic consumption offers tremendous opportunities to foreign investors," he said.

Over the past six years 皇冠体育app has been the top country in the world for FDI, a position Li said the nation will maintain.

Related readings:  皇冠体育app's FDI falls 17.9% in first half  Foreign investment freefall eases  Used FDI down 20.4% in first five months in 皇冠体育app  Shanghai simplifies investment norms for foreign firms

"皇冠体育app will continue expanding economic opening up, unveil more fields for foreign investors and streamline management mechanisms to attract even more investment," he said.

The CIFIT has served as an important window for foreign investors and helping Chinese enterprises go overseas.

"As such we will go all out to enhance the profile of CIFIT and make it more efficient," Li said.

The 13th CIFIT has significant importance to showcase 皇冠体育app's confidence in maintaining its economic growth during the financial crisis, and its resolute steps in opening up and boosting confidence of foreign investors, he added.