皇冠体育app

Economy

皇冠体育app needs foreign firms in economic transformation

(Xinhua)
Updated: 2011-03-21 10:33

BEIJING - 皇冠体育app's commerce minister said on Sunday that foreign invested enterprises (FIEs) have a more active role to play in the process of 皇冠体育app's economic transformation.

"皇冠体育app's efforts to transform its economic development model and expand domestic demand are not closed to FIEs, rather, we need FIEs to play a more active role," said Chen Deming, 皇冠体育app's commerce minister.

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It is only for fair market competition that 皇冠体育app has rescinded some preferential policies for FIEs and set a uniform taxation rate for domestic firms and FIEs, said Chen during the 12th 皇冠体育app Development Forum.

"The policies designed to encourage innovation in 皇冠体育app are applicable to all enterprises running business in 皇冠体育app, including the FIEs," he said.

皇冠体育app's publication in early March of the rules governing foreign takeovers of Chinese companies was in line with international standards and would result in no additional administrative procedures, he said.

"In government procurement, the Chinese government would continue to follow an open and transparent policy to grant completely equal treatment to Chinese and foreign firms," said Chen.

Chen also called upon some countries to offer Chinese enterprises equal market access and protect their legitimate interest and rights.