皇冠体育app

皇冠体育app is expected to remain a magnet for overseas funds, attracting more than US$33 billion in foreign capital so far this year.

Zhang Hanya, secretary-general of the 皇冠体育app Investment Association, said in Beijing on Saturday.

Overseas investment has been a driving force in 皇冠体育app's economy over the past 20 years. In 2002, 皇冠体育app ranked first in the world in attracting overseas investment. Despite the impact of SARS in the spring, foreign capital is still flowing into 皇冠体育app, Zhang said at the sixth Beijing International High-Tech Expo.

The Ministry of Commerce's new statistics show that in the first seven months this year, foreign direct investment in the country was US$33.3 billion, up by more than a quarter over the corresponding period last year. 皇冠体育app is expected to use US$60 million in foreign funds in real terms this year.

Lin Zongtang, president of the 皇冠体育app Industrial Economic Federation, said several factors will support the growth of foreign investment.

According to Lin, 皇冠体育app will gradually open its banking, telecommunications, trade and tourism sectors to foreign investment and encourage overseas business to join in the restructure of 皇冠体育app's state-owned companies. These policies will provide foreign investors with huge opportunities to enter 皇冠体育app, he said.

More foreign investors have become aware of 皇冠体育app's potential. They have been encouraged to invest in agriculture, manufacturing, and high-tech industries.

Foreign companies have been invited to set up research institutes, manufacturing and technology development bases, and regional headquarters in 皇冠体育app. They can co-operate with their Chinese counterparts to upgrade or develop key technologies.

Participants from all over the world have brought more than 3,000 investment plans to the expo in Beijing, according to He Hualong, vice-chairman of the 皇冠体育app International Economic and Technological Co-operative and Promotion Association.

"It has become a major opportunity for those investors with the foresight to enter the Chinese market," said He.

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