China will stick to the opening-up policy and continue to
attract more foreign investment, Chinese Vice Premier Wu Yi said
Thursday.
Addressing a seminar between senior Chinese governmental
officials and leaders of well-known multinational corporations in
the 10th China International Fair for Investment and Trade (CIFIT).
Wu said China still values the important role of opening-up in
promoting social and economic development, and will attract foreign
investment in a more active and effective way.
She noted China's foreign investment attraction still lags
behind the world's average level, and there is much to do to
increase the quality and quantity.
According to statistics from the UN Conference on Trade and
Development (UDCTAD), the per capita foreign investment China
attracted in 2004 was US$47, much lower than the US$534 of
developed countries and US$107 of world's average.
While bringing in advanced technology, qualified personnel and
employment, international investment also promotes China's reform
on economic structure and social development, she said.
Foreign-invested companies in China provided a direct employment
of 25 million people and contributed to tax revenue of US$639.1
billion, taking up 20.70 percent of the national total.
(Xinhua News Agency September 7, 2006)