Yao Jian: China's use of foreign investment environment in general to further improve

Xinhua Beijing, May 17, the Ministry of Commerce today held a routine press conference, Ministry of Commerce spokesman Yao Jian said at the meeting, China's use of foreign investment environment in general further improve, and the reason why the continued adherence to the use of foreign capital open market policy, mainly based on two aspects of consideration. In response to a reporter's question, Yao said that the recently promulgated policy on the use of foreign capital has two implications: first, China's economic development, economic restructuring to this stage needs to be improved foreign policy. Second, it is also a continuation of last year's policy of promoting economic development and overcoming the financial crisis. From a global perspective, foreign investment has a relatively large decline last year, down to 30% to 40%. Since this year, we have predicted a recovery. China's use of foreign investment environment is generally further improved, whether it is the Chinese government's self-assessment, or foreign companies and chambers of the evaluation are constantly improving. As for competition with developing countries, we also note that in the past year or two, China's FDI-absorbing manufacturing and service industry structures are being restructured, and the share of services is increasing, even within manufacturing, where high-end manufacturing is evolving. In this case, we and some developing countries, the product structure has some differences, has opened up a number of grades, which also reflects the upgrading of China's manufacturing structure.　　On the other hand, competition in the international market will be further developed with the developing countries concerned on different competitive platforms. Yao said that while China's funds are already quite abundant compared to the size of the capital 20 years ago, the policy of using foreign capital to open markets on a continuous basis is based on two considerations: First, China's membership in the WTO requires further opening of markets in accordance with WTO rules, For all types of enterprises, including foreign enterprises, this is the basic environment. Second, absorbing foreign capital is also the need of China to further promote the development mode, in the twenty or thirty-year process of absorbing foreign capital, we have made great profits in the improvement of technological level, efficient utilization of resources and development of human resources, and we will further adhere to such a direction in the next international cooperation process, Promote the improvement of economic structure.