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China committed to opening up foreign investment: Vice Premier

9-Sep-2010 11:44 AM

China’s Vice Premier Xi Jinping stated China is committed to creating a “more open and optimised” investment for foreign businesses, including improvements to regulatory legislation and widening market access, and will strive to remain the world’s most attractive destination for foreign direct investment (FDI) (China Daily, 08-Sep-2010). China’s FDI rose 20.7% year-on-year to USD58.4 billion in the first seven months of 2010 and is now the second largest FDI destination after the US.

China: "While China is more open to the world, foreign companies operating in China will find more potential for growth and will enjoy better commercial benefits here," Xi Jinping, Vice Premiere. Source: China Daily, 08-Sep-2010.