China to further open up sectors to foreign investment
September 15, 2014 Category Foreign investment, Weekly
China will further open its investment and optimize the environment for foreign investment, Vice Premier Wang Yang said at the 18th China International Fair for Investment and Trade in Xiamen, Fujian province. The annual international investment event provided more than 30,000 potential investment projects and attracted companies and government organizations from 54 countries and regions. Wang announced that China would further open-up the finance, education, culture and healthcare markets to foreign investment. By the end of July this year, there were more than 800,000 enterprises with foreign capital in China. Tax from foreign-invested companies contributed 19.2% of China’s total tax revenues in the first half. The foreign investment into the central and western regions has increased rapidly, as USD7.16 billion flowed into the two regions in the first half, a 17.8% year-on-year rise. Foreign investment into the service industry has also continued to rise, and opening-up service sectors such as healthcare was a hot topic at the fair. China’s foreign investment from the four main investor countries worldwide-the United States, the United Kingdom, France and Germany-is still very low. It only accounts for 4.5% of China’s total FDI inflow, said Ge Shunqi, Deputy Dean of the Institute of International Economics at Nankai University in Tianjin. One of the main reasons is that they only can invest in a limited number of industries and have already saturated them, so they need new investment targets, he added.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world