Vice Minister of Commerce stresses use of foreign investment

Vice Minister of Commerce, Ma Xiuhong, says that optimizing the industrial structure of foreign-invested enterprises and improving the way foreign funds are used will be the priority for absorbing foreign investment in the future.

At the 10th annual meeting of CEOs organized by Business Weekly, Ma Xiuhong said that China would readjust its commercial investment directories according to the needs of national economic development and industrial mix readjustment.

According to Ma Xiuhong, China will consolidate its emphasis on energy-saving and environmentally friendly industries and encourage foreign investment in modern agriculture, a modern service industry and service contracts in other countries. China will also encourage foreign investment in technical innovation in traditional industries and continue to encourage multinational companies to set up regional headquarters, purchasing centers, transportation centers, operation centers and training centers.

China will also encourage foreign investment in northeastern industrial bases, western China and in the shift of mature-labor or resource-intensive enterprises and processing trade to central and western China.

By People's Daily Online