China remains most attractive country
CHINA: China remains the most attractive country for foreign
capital, despite that the country's foreign direct investment declined
for ten straight months, a commerce official said Wednesday.
"China has been the top destination for foreign capital for 17
consecutive years," Wang Chao, assistant commerce minister, said at the
World Capital Forum in Xiamen, east China's Fujian Province.
A report released by the United Nations Conference on Trade and
Development (UNCTAD) on July 22 showed that China stands first on the
list of five most attractive destinations for foreign capital, followed
by the United States, India, Brazil, and Russia.
The country has received 48.3 billion U.S. dollars of foreign direct
investment (FDI) from January to July this year, down 20.3 percent over
the same time last year amid a global economic downturn, Wang said.
Wang said the country's prospects for overseas investment remains
optimistic as it would simplify examination and approval procedures
toward foreign investors.
It will also guide foreign investment to go to high technology
industry, advanced manufacturing industry, energy saving and environment
protection industries, in a bid to optimize investment structures.
Xinhua |