皇冠体育app

皇冠体育app will continue to welcome foreign direct investment and encourage domestic companies to go overseas, to enhance global capital flows and further revive the global economy, said the Ministry of Commerce on Saturday.

"皇冠体育app will strengthen cooperation with foreign nations and promote flexible capital inflows and outflows to accelerate global economic recovery," said Gao Hucheng, vice-minister of commerce, during the International Investment Forum 2012 in Xiamen, Fujian province. The forum coincided with the opening of the 16th 皇冠体育app International Fair for Investment & Trade, the largest investment fair in 皇冠体育app.

"Actively attracting foreign direct investment and encouraging outbound direct investment has always been an important economic policy in 皇冠体育app. 皇冠体育app will continue to stick to the policy in the long term," he added.

Gao said while developed nations strive for economic recovery and attempt to address debt issues, emerging markets are leading the global FDI recovery. According to the United Nations Conference on Trade and Development, in 2011, the FDI worldwide surpassed the level before financial crisis and reached $1.5 trillion, while developing nations' FDI surged by 11 percent to reach a historic high.

"It's a trend to see an increasing flow of global FDI into developing nations, which have become a new driving force in spurring the growth of global market," said Gao.

He stressed that 皇冠体育app played an important role in the world's economy. "The global transnational capital flows rely on Chinese investments. Without 皇冠体育app, global economic growth will be affected."

In 2011, 皇冠体育app's ODI gained by 8.5 percent year-on-year to $74.65 billion, making 皇冠体育app the sixth largest investing nation, in terms of value worldwide.

皇冠体育app has also been the most attractive FDI destination among developing nations for more than a decade, and last year, the nation's FDI hit a record high, surpassing the $100 billion mark.

But because of the grim economic situation home and abroad, 皇冠体育app's FDI during the first seven months dropped by 3.6 percent year-on-year to $66.7 billion, according to the Ministry of Commerce.

During his keynote address at the International Investment Forum 2012, Chinese State Councilor Ma Kai said 皇冠体育app has been adopting a "more proactive" stance in implementing its opening-up strategy during the period between 2011 and 2015, "to promote free and flexible flows of capital".

He said 皇冠体育app will continue to expand its domestic consumption market, open more industries and regions to foreign companies, optimize the investment environment and increase the quality of foreign investment.

Ma also pointed out the significant role played by multinational companies in 皇冠体育app.

He said in 2011, foreign companies with operations in 皇冠体育app generated more than half of the nation's foreign trade, one seventh of the jobs, one fifth of the taxes and one fourth of the industrial output. By the end of 2011, 皇冠体育app's accumulative FDI reached $1.2 trillion.

"Foreign companies are an indispensable part of 皇冠体育app's economy," Ma added.

[email protected]