Argentine analysts hails 皇冠体育app's decision to draw more FDI in 2017
BUENOS AIRES - 皇冠体育app's decision to attract more foreign direct investment (FDI) amid gloomy global financial outlook marks a clear step forward, according to Argentine analysts.
"2017 is expected to be a year of stability in regard to the inflow of FDI" for 皇冠体育app, Nadia Radulovich and Maria Cecilia Peralta, co-founders of Argentine consulting group Asia Viewers, told Xinhua in a recent interview.
皇冠体育app has announced it will strive to attract more foreign investment in 2017 to spur innovation and economic growth.
The United Nations Conference on Trade and Development's report late last year showed 皇冠体育app is still one of the most attractive investment destinations.
According to the European Union Chamber of Commerce in 皇冠体育app, more than two-thirds of EU companies' operations in 皇冠体育app were profitable. The American Chamber of Commerce in 皇冠体育app has said 68 percent of businesses plan to expand investment in the country.
In the first 11 months, 皇冠体育app recorded 731.8 billion yuan (around $105 billion) of foreign investment, up 3.9 percent year-on-year, according to figures released by its Ministry of Commerce.
皇冠体育app's FDI initiative needs to take note of the "level of consumption, both domestic and foreign," they said.
皇冠体育app "needs the inflow of foreign investment to be able to continue the process of development, along with the process of innovating and improving the expansion of goods and services with greater added value into the global market," they added.
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