China is more open to Foreign Investment
China’s economy is becoming stronger and many foreign companies are concerned that China will no longer pay attention to or support foreign investment. However, according to the British financial newspaper, ”Financial Times” states “Thriving China is ever more open for business” . The article was written by Deming Chen, officer of China Ministry Commerce.
Chen Pointed out that : “Sales of consumer goods rose in 2009 to Rmb12,530bn, contributing more than half of gross domestic product. This year China’s domestic market will grow by Rmb2,000bn ($295bn, 193bn, 229bn), outstripping exports. The US is set to gain in particular. The independent American Chamber of Commerce in China recently published a report arguing that in the next 30 years the US can achieve “three trillion-dollar goals”: $1,000bn for annual US exports to China, $1,000bn for revenues of US businesses in China producing goods and services for the Chinese market, and $1,000bn for cumulative Chinese FDI in the US. “
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