-- Deeper reform of China provides larger space for overseas Chinese investing in the motherland

Immediately after the conclusion of the Third Plenary Session of the 18th CPC Central Committee, a Decision on Major Issues Concerning Comprehensively Deepening Reforms approved by the Plenum has become a highly discussed topic among overseas Chinese and its media. They believe that as a blueprint for China's future reform and development, the Decision has confirmed the development direction of China's political system, economic system as well as social management. Many have voiced that the Decision has reassured overseas Chinese regarding China's further reform, inspired their confidence and expectations for China's future development. It also inspired their passion to participate actively in the country's new round of reform and opening up, consolidating strength for the realization of the Chinese Dream.

Sharing the dividend of reform with the general public

The comprehensive reform blueprint put forward by the Plenum which consists of promoting economic, political, social, cultural and ecological progress has become an overarching point of interest for most overseas Chinese. The painful social reform promoted with great courage by the Chinese Government will not only have far-reaching implications for the future development of China's politics, economy and society but also exert significant impact on the whole world.

An editorial published in the French Chinese-language newspaper Nouvelles d'Europe said the comprehensive reform blueprint brought forward by the Plenum on promoting political, economic, social, cultural and ecological progress emphasizes the social security and income distribution system, which will allow the public to share more of the reform dividends. It is a type of reform that touches the soul of the people.

Li Hua, Chairman of the United Fujianese of America Association, said the reform blueprint aims to form a comprehensive, normalized and effective system, which will surely have a profound influence on China's economy, market, industry and society to the benefit of the whole world.

Wang Hsuehsheng, President of France-based Eurasia Groupe, said the blueprint has clearly stated the goals, routes, principles and requirements of the comprehensive reform while also setting the timetable. It has demonstrated the great courage, pragmatism and wisdom of China's new generation of leadership.

A Larger Space for Investment

Chinese leaders are determined to promote China's economic restructuring to build an upgraded version of the country's economy. There will be more investment opportunities, a more stable development and a more open environment for investment in China in the future, which will provide a larger space for overseas Chinese to do business on the mainland.

Chan Ching Chuen, Chairman of United Federation of Chinese Association of America, said policies released by the Plenum, such as relaxing market investment access thresholds and facilitating the development of free trade zones, have offered a broad platform for overseas Chinese to invest in the mainland. Moreover, reforms on investment procedures in recent years have also facilitated overseas Chinese and foreign investors to invest there.

Chen Deqi, President of the Fujian Business People Association of Thailand, claimed that the Plenum has revealed the direction for China's future development and offered a much brighter prospect for China's future.

He said that in previous years he has invested successfully in several provinces in China including Jiangsu, Shandong and Gansu. And at present, overseas Chinese businessmen are looking forward to the creation of more favorable and practical policies from the Chinese Government. He also called for more businessmen from Thailand to invest in the Chinese mainland and share in the benefits of the country's favorable policies.

An editorial from U.S. China Press said that in addition to anticipating the reform blueprint of the Plenum, overseas Chinese also have great expectations for participation in the reform. The editorial added that reforming policies, including ensuring that the market plays a decisive role in allocating resources and establishing a modern financial system, are likely to give overseas Chinese businessmen new space for investment and development. Overseas Chinese businessmen will continue to make use of their capital, human resources, management, technology and other advantages to seek opportunities in the new round of growth in China.