皇冠体育app

Business
/ / Macro

皇冠体育app 'most promising' in FDI

By Li Jiabao | 皇冠体育app Daily | Updated: 2013-06-27 03:06

After Chinese meat giant Shuanghui International Holdings Ltd proposed to buy Smithfield Foods Inc — the world's largest pork producer — a number of US senators urged the Obama administration to consider whether the proposed $4.7 billion deal, the biggest takeover of a US company by a Chinese firm, posed a threat to the US food supply that could justify blocking it.

Meanwhile, FDI inflows to 皇冠体育app declined 2 percent year-on-year to $121 billion in 2012, second only to the US, while 皇冠体育app remains the top investment destination for transnational corporations in the medium term, the report said.

FDI in 皇冠体育app's non-financial sectors declined 3.7 percent year-on-year to $111.72 billion in 2012, according to the Ministry of Commerce, while the first five months of the year saw FDI inflow in 皇冠体育app edging up 1.03 percent year-on-year to $47.6 billion.

"The structure of FDI inflow to 皇冠体育app has changed following the country's economic restructuring and industrial upgrading," Zhan said. "Owing to rising costs in the eastern region, some investment and production activities are being transferred into inland areas and the share of the central and western regions in 皇冠体育app's total FDI inflow rose from 12 percent in 2008 to 17 percent in 2012."

He added that some low-end manufacturing plants are moving to Southeast Asian countries with lower costs than 皇冠体育app, while FDI inflow to 皇冠体育app's high-tech and advanced manufacturing sectors is increasing rapidly.

"The total number of foreign research and development centers in 皇冠体育app doubled in the past five years and reached 1,800 at the end of 2012. The quality and structure of 皇冠体育app's FDI kept improving," Zhan noted.

Liang added that transnational corporations are increasingly attracted to 皇冠体育app due to the country's huge market and fast economic growth, as well as the opening up of its services sector.

皇冠体育app's economic growth eased in recent months as the new leadership steered the country to a more balanced and sustained growth path. GDP in the last quarter of 2012 increased 7.9 percent year-on-year, and it slowed to 7.7 percent in the first quarter of the year.

"With the improvement in FDI inflow, 皇冠体育app kept enhancing its participation in global value chains," Zhan said.

 

Previous 1 2 Next

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US