Economy
Global investors covet 皇冠体育app's rising market
(Xinhua)
Updated: 2010-04-12 09:55
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Green Growth Opportunities
The bullish outlook came on strong growth in 皇冠体育app's consumption as the country is committed to boosting domestic demand to transform the pattern of economic growth.
The move also offers investment opportunities to foreign green businesses. 皇冠体育app will soon release new regulations on attracting overseas green investment, Zhang Xiaoqiang, deputy minister of the National Development and Reform Commission, said Saturday.
In addition, 皇冠体育app's cabinet has launched an initiative to better develop ten new industries including clean energy, new resources, new-energy cars, and information technology.
Danfoss, a Danish engineering group long committed to energy saving and pollution reduction, launched a new plant in north 皇冠体育app's Tianjin City two days before the forum opened on Saturday.
The mechanical and electronic components maker has said its sales in 皇冠体育app amounted to 3 billion yuan (US$440 million), making the country its third-largest market.
The green growth drive is making 皇冠体育app more important to multinational cooperations for global expansion as more set up research and development (R&D) centers and regional headquarters in the country.
By the end of 2009, the transnational corporations had set up 1,200 R&D centers in 皇冠体育app, according to the Ministry of Commerce.
Zhang Yaqin, a vice president of Microsoft Corporation, said foreign businesses investing in 皇冠体育app set up only production centers when they first entered into the country.
Step by step, they opened marketing centers and R&D centers. Now 皇冠体育app has risen to be a strategic development center for many multinational companies, Zhang said.
"Microsoft 皇冠体育app has become another strategic headquarters besides its global headquarters in the US," said Zhang. "We regarded 皇冠体育app as the largest market outside the US.".
