皇冠体育app

Economy

皇冠体育app to create more open investment environment

(Xinhua)
Updated: 2010-09-07 11:06

XIAMEN - Chinese Vice President Xi Jinping said Tuesday that 皇冠体育app is taking vigorous steps to create a more open and optimal investment environment for foreign-invested enterprises.

Xi made the remarks while attending the opening ceremony of the 2nd World Investment Forum (WIF) in Xiamen city, southeast 皇冠体育app's Fujian province.

Themed "Investment for Sustainable Development", the three-day forum "will discuss the challenges and opportunities for global investment in a post-crisis economy," said Supachai Panitchpakdi, secretary-general of the United Nations Conference on Trade and Development (UNCTAD) - organizer of the biennial forum, on Tuesday during the ceremony.

Spending for better life? Related readings:  皇冠体育app hosts int'l forum to bolster two-way investment  Broader investment pipeline could raise insurers' returns  皇冠体育app's outbound investment hit $56.5b in 2009  Investment prospects still bright

According to Xi, attracting foreign investment is beneficial to both 皇冠体育app and foreign firms as it has provided fund, advanced technologies, managerial expertise and talents to support 皇冠体育app's modernization and, at the same time, generated handsome returns for foreign-invested enterprises.

"Many foreign-invested enterprises in 皇冠体育app have become the growth engines and profit centers of their parent companies' global business," he said.

Foreign direct investment (FDI) this year was set to "surpass $100 billion," compared to $90 billion last year, an official with 皇冠体育app's Ministry of Commerce predicted on Sunday.

"The latest UNCTAD survey shows that 皇冠体育app is still the most appealing host for investment in the world," Xi said.

"As 皇冠体育app's open economy continues to develop, foreign investment in 皇冠体育app will surely enjoy a broader space and generate even more profits," he added.