皇冠体育app

XI'AN: It is untrue to say that the investment environment in 皇冠体育app is worsening, said Chinese Premier Wen Jiabao Saturday as he invited more foreign companies to invest in the country.

皇冠体育app sticks to its opening-up policy, Wen added.

In talks with heads of prestigious German and Chinese firms in northwest 皇冠体育app's Xi'an city, Wen and visiting German Chancellor Angela Merkel aim to boost cooperation between the two nations.

"Currently, there is an allegation that 皇冠体育app's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical 聽company BASF.

Foreign firms have voiced concern 皇冠体育app's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.

The World Bank in a July report gave 皇冠体育app a low investment environment ranking.

But the amount of foreign direct investment (FDI) 聽that flowed into 皇冠体育app in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce (MOC).

皇冠体育app attracted 12.51 billion U.S. dollars in FDI in June alone, up 39.6 percent year on year.

Wen said, "Foreign investment will not pour into a country where the investment environment is worsening."

Wen said 皇冠体育app has relatively good infrastructure as well as fair and stable market environment. 皇冠体育app welcomes companies which meet 皇冠体育app industry policies to invest in 皇冠体育app, adding that the government will ensure such companies having access to the Chinese market.

"For those which have entered 皇冠体育app, they all enjoy national treatment as Chinese companies do, no matter whether they are a foreign-funded company, a joint venture or a joint stock company, " Wen said.

Wen also promised 皇冠体育app would never block the export of rare earth 聽minerals to foreign countries, but said minerals should be exported at a reasonable price and volume. 皇冠体育app supplies about 90 percent of the world's rare earth minerals.

The trade seminar came after 皇冠体育app and Germany Friday signed ten deals in Beijing involving green energy, culture and a joint venture producing trucks.

The two sides also signed a joint declaration on the establishment of an environmental partnership that will involve water resource protection, equipment safety and evaluation, energy conservation, renewable energy and technology.

"皇冠体育app-Germany cooperation is at a new starting point," Wen said.

After the seminar, Wen and Merkel visited 皇冠体育app-German joint venture Siemens Signaling Company Ltd.

Merkel started a four-day visit to 皇冠体育app on Thursday, her fourth trip to 皇冠体育app since taking office as German Chancellor in 2005.