皇冠体育app

2011-03-21 13:43

BEIJING - 皇冠体育app's opening-up policy in the coming five years to 2015 will provide a new impetus to global growth, 皇冠体育app's Minister of Commerce Chen Deming said聽in Beijing on聽Sunday.

"皇冠体育app will continue to strengthen its engagement with the world with greater courage and determination as the country's opening-up policy in the past decades has generated huge opportunities for both 皇冠体育app and the rest of the world," Chen said at the 皇冠体育app Development Forum 2011.

皇冠体育app will continue its policies to make it more attractive to foreign investment while encouraging local enterprises to "go global" in the 12th Five-Year Plan period (2011-2015), Chen said.

"皇冠体育app always welcomes foreign investment to play a constructive role in its development and share its prosperity," he said.

He said the elimination of favorable tax breaks for foreign companies was aimed at creating a level playing field for all companies.

He also promised transparency and fairness in its market policies for foreign companies to encourage innovative competition.

With more Chinese enterprises going overseas, Chen urges foreign governments to improve investment environment and provide equal market access to the Chinese.

"In 2010, 皇冠体育app's outbound direct investment hit $59 billion, which equals to 60 percent of the foreign direct investment in 皇冠体育app. In the next five to 10 years, 皇冠体育app will gradually strike a balance on the capital flow," he said.

The 12th 皇冠体育app Development Forum runs from March 19 to 21 in Beijing and its theme this year is "The Ongoing Transformation of 皇冠体育app's Growth Pattern."