China Promises Foreign Investors Equal Treatment
Author: Sakamoto
Vice President of China promised foreign companies equal treatment in the latest government effort to reassure investors amid complaints for those who deteriorate.
Foreign business groups complain That China’s Efforts to promote “indigenous innovation” by favoring domestic companies violates the spirit of its World Trade Organization market-opening commitments. Foreign business groups complain that China’s efforts to promote “indigenous innovation” by supporting domestic companies violate the spirit of the World Trade Organization that market opening commitments.
The vice president, Xi Jinping, said Beijing Would alter the procurement rules That prompted an outcry from foreign companies by giving preference to Chinese-developed technology in a multibillion-dollar annual government purchases of computers and other goods. Vice president, Xi Jinping, said Beijing would change the rules of procurement which triggered protests from foreign companies by giving preference to the Chinese-developed technology in government spending billions of dollars worth of computers and other goods annually. He repeated Promises That foreign-Owned companies in China would be eligible to apply to be treated as domestic suppliers. He repeated the promise that the foreign companies in China will be eligible to apply to be treated as a domestic supplier.
“China is working hard to create a better and more open investment environment for foreign investors,” said Xi, widely seen as President Hu Jintao’s successor likely, as China’s next leader, at an investment forum in the southern city of Xiamen. “China is working hard to create a better investment environment and more open to foreign investors,” said Xi, widely seen as a possible successor of President Hu Jintao as the next leader of China, at an investment forum in the southern city of Xiamen.
Premier Wen Jiabao met with European business leaders in April and Promised Them a “level playing field.” Premier Wen Jiabao met with European business leaders in April and promised them “a level playing field.” But foreign business groups say Beijing has yet to repeal discriminatory measures and is going ahead with others. But foreign business groups say Beijing has not been revoked and discriminatory acts will go forward with others.
Foreign direct investment in China rose 29.2 percent in July to $ 6.9 billion, compared with a year Earlier. Foreign direct investment in China rose 29.2 percent in July to 6.9 billion U.S. dollars, compared with the previous year.
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Tags: Asia, Beijing, China, Hu Jintao, Wen Jiabao, World Trade Organization, Xi Jinping, Xinhua News Agency