Others News
- China keen to continue to boost trade
Date: 26-Nov-2007 Sources: (Shenzhen Daily)
THE country's top trade envoy tried Friday to dispel complaints that the government is restricting foreign investment to protect its companies, insisting the country is open forever to capital from abroad.
The remarks by Vice Premier Wu Yi, the envoy to strategic economic talks next month with Washington, followed complaints by foreign companies that China is limiting investment in key industries in violation of free-trade pledges.
'Some American friends are worrying about whether China will shrink its opening up policy and change its attitude toward foreign capital,'Wu told an audience of businesspeople at an American Chamber of Commerce in China dinner.
'The position of the Chinese Government to value FDI (foreign direct investment) and attract more foreign capital won't change,'she said. 'China's door will be open forever.'
Complaints about investment barriers are expected to be on the agenda at the Dec. 12-13 meeting of the U.S.-Chinese Strategic Economic Dialogue led by Wu and Henry Paulson, the U.S. Treasury secretary.
Wu mentioned no new initiatives Friday but stressed the benefits for the United States of trade with China, a source of inexpensive goods and markets for American companies.
'The Chinese economy will generate rich profits for American companies,'Wu said.
Wu, 69, is the highest-ranking woman in China's leadership, and is widely admired by foreign businesspeople as a champion of free trade.
She confirmed Friday that she would give up her official posts when a new government takes office next year.
Sponsor Results:
