BIZCHINA / Top Biz News
Gov't to guide flow of capital
By Jiang Wei (China Daily)
Updated: 2007-02-27 08:55
The Chinese government will optimize foreign investment inflow to the
country to offset any negative impact from policy adjustments, according
to a senior commerce official.
"We will encourage foreign investment to industries involved in
high-tech, modern services and high-end manufacturing," said Li Zhiqun,
director of the commerce ministry's Foreign Investment Department.
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He added China will also encourage foreign investors to move from the
nation's coastal to central and western regions.
He said the ministry would accelerate plans to publish foreign investment
guidelines this year. The information will encourage foreign investors to
look at high-tech industries, advanced manufacturing and modern services
when investing in China, as well as set up research and development
centers in the country.
Meanwhile, an unnamed finance ministry official was quoted by Xinhua News
Agency as saying China will use import and export tariffs to guide
foreign capital inflows.
New policies will be launched this year, with import tariffs to be used
to guide foreign capital flows into the high-tech, agricultural and
manufacturing sectors, the official said.
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