New Opportunities for Foreign Investment in the Western China
The absorption of foreign direct investment is an important part of China's basic national policy of opening up to the world. This year, foreign direct investment in China continues to maintain a good momentum.
In the eastern part of China, foreign investment has been rapidly increasing, and the absorption of foreign investment in the western region has also made remarkable progress.
Joining to the WTO is the inherent requirement of the development of the socialist market economy of China, also complies with the objective trend of the world economic development. And it will provide an unprecedented opportunity for the countries and regions in the world with China to carry out economic and trade cooperation.
After joining the WTO, China will gradually open its banking, insurance, telecommunications, foreign trade, domestic trade, tourism and other service sectors, developing a unified, norms, and transparent investment access policy, pay close attention to the development and perfect relevant foreign related laws and regulations. And China will also improve the level of administration according to law in foreign related economic work, establish and perfect the foreign economic and trade regime consistent with the international prevailing rules and actual situation in our country.
Foreign investors invest in China and participate in the development of the west, facing new opportunities for development.
China's western economy will continue to maintain rapid growth and create more investment opportunities for foreign investment in the west. After more than thirty years of rapid development, western region has laid a certain material and technological foundation, social has stability, and market economic system is gradually established and perfected, which create a favorable market environment for the sustained and rapid economic growth in the western region. Chinese government adheres to the policy of expanding domestic demand and expanding domestic demand, adjusting economic structure, promoting scientific and technological progress and promoting the opening up of foreign policy. With the steady progress of the western development strategy, the western region of the resource and economic advantages will be fully developed, the quality and level of economic growth will be further improved.
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