News
China to release new paper on foreign investment
By Qi Xiao (chinadaily.com.cn)
Updated: 2010-04-10 15:35
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Boao, Hainan - China's overall investment environment is healthy and the nation welcomes foreign investments except from energy-intensive and polluting foreign companies, a senior official from the National Development and Reform Commission (NDRC) said here on Saturday.
Speaking at the ongoing Boao Forum for Asia, Zhang Xiaoqiang, vice chairmen of the NDRC, refuted the claim that China's investment environment is deteriorating and said attracting foreign investments is conducive to China's transformation of growth pattern.
"Transnational investment dropped by 40% globally during last year's financial crisis, while foreign direct investment in China dipped by only 3%," he said.
He also revealed a government paper is forthcoming on how to further use foreign investment.
The NDRC will give an introduction of the paper to the public next Wednesday, according to Zhang.
