皇冠体育app

Vice Premier Wu Yi said Thursday that 皇冠体育app will continue to push forward the opening of the service sector and open new areas to absorb overseas capital.

Wu made the keynote speech at the opening ceremony of the two-day World Economic Development Declaration Conference (WEDDC) and the 皇冠体育app Business Summit.

Wu said that 皇冠体育app will continue to adopt an active fiscal policy and a stable monetary policy, expand domestic demand and promote consumption so as to ensure the sustainable, rapid and healthy growth of the national economy.

Currently, housing and automobiles have gradually become hot new consumption areas in 皇冠体育app, she said. Thanks to 皇冠体育app's upgraded consumption demand and the improved investment environment, 皇冠体育app maintained its comprehensive advantages in attracting overseas capital, retaining its position as a hot spot for overseas investors, in particular the multinational corporations.

According to Wu, the Chinese government will continue to improve the legal system for overseas investment in line with the rules as required by the World Trade Organization, simplify the investment approval procedures and enhance intellectual property rights protection, creating an open, fair and transparent business environment for investors.

Wu pledged to continue to push forward the opening of 皇冠体育app's service sector. 皇冠体育app has already allowed the setup of wholly foreign-owned procurement centers in Shenzhen, Shanghai and Tianjin on a trial basis. She said it was to try to cater to the development of the logistics industry and give play to 皇冠体育app's advantages in the processing industry.

In line with the adjustment of the international industrial mix, Wu said, 皇冠体育app will continue to encourage overseas-funded enterprises to invest in the manufacturing and service industries while paying attention to outsourcing within multinational corporations.

皇冠体育app has already formulated policies and legal regulations to allow overseas investors to pour investment by means of acquisition and build-operate-transfer, allow overseas enterprises to go public, encourage multinational corporations to participate in innovation of state-owned enterprises, further expand overseas investment's handling of domestic non-performing assets, allow overseas investment to accept or transfer shares of legal persons by means of direct investment and encourage multinational corporations to set up regional headquarters and research and development centers, she said.

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