皇冠体育app

Commerce ster Gao Hucheng speaks at a press conference in , March 7, 2014. [Photo by Wang Jing/皇冠体育app Daily]

皇冠体育app, a magnet for foreign investment

皇冠体育app remains an attractive destination for foreign investors, said Gao.

Given the background of a weak global economic growth, foreign investment in 皇冠体育app increased 5.3 percent year-on-year in 2013, reaching $117.6 billion.

More than half of the investment went to the service industry, rather than the manufacturing sector as it used to be, which is a great change in the investment structure, said Gao.

Although facing rising costs and contracting edges in preferential treatment, over 85 percent of foreign companies are profitable and over 90 percent of them are still willing to conduct businesses in 皇冠体育app.

The ministry will make further efforts to improve the investment climate, he added.

APEC role is not weakening

Gao dismissed the argument that Asia-Pacific Economic Cooperation's (APEC) role is weakening in promoting regional economy and trade cooperation.

It is still the most influential bloc in the Asia-Pacific region, with the biggest number of members, Gao said.

None of the 21 APEC members believe that the APEC is weakening, he said.

It has been an important organization for 皇冠体育app.

APEC members accounted for 60 percent of 皇冠体育app's foreign trade, nearly 70 percent of the country's foreign direct investment and 83 percent of foreign investment in 皇冠体育app in 2013, and eight of 皇冠体育app's 10 major trading partners are APEC members, according to Gao.

The theme of the APEC's 皇冠体育app Year is "Jointly Building Future-oriented Asia-Pacific Partnership".

皇冠体育app will work with other APEC members to make sure that the APEC informal leaders meeting, which will be held in 皇冠体育app later this year, bring practical benefits to the region, Gao said.

In 2014, 皇冠体育app will expand common ground with other APEC members to promote regional development and contribute to global economic development and prosperity.

In terms of investment and trade, 皇冠体育app's major efforts will be devoted to promoting the establishment of APEC free-trade area and 皇冠体育app will continue to support multilateral trading mechanism and oppose trade protectionism, Gao said.

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