The Chinese Minister of Commerce, Chen Deming, said China will gradually reduce limits on equity stake proportion in investment from overseas companies, allowing qualified foreign-invested enterprises to list in the country’s stock market.
Foreign direct investment has declined consecutively for ten months since last October as a result of the global economic downturn with a 20.4 percentage year on year drop.
China will promote the opening-up of the service industry and speed up the construction of economic and technological development zones, in a bid to enhance mutual investment and contribute a dynamic force to the shrinking global economy, said the Minister..
It will encourage foreign companies to develop high technology industry, promote outsourcing industry, and support investment in clean technology, energy saving and environmental protection industry.
The country will also create a convenient law and policy environment in mutual investment, gradually granting foreign-funded enterprises the same treatment as their Chinese counterparts, Chen said.
This information has been provided by Xinhua, the official press agency of the government of the People’s Republic of China