China strives to improve foreign investment climate: Xi Jinping

CHINA is striving to create a more open and more welcoming investment environment for foreign-investors, China's vice president Xi Jinping told the World Investment Forum (WIF) in Xiamen, reported Xinhua.

"Today in China, 22 per cent of tax revenues, 28 per cent of added industrial value, 55 per cent of foreign trade, 50 per cent of technology import and 45 million jobs come from foreign-invested enterprises," said Mr Xi, who is widely understood to be the heir of China's president Hu Jintao.

"Many foreign-invested enterprises in China have become the growth engine and profit centre for their parent companies' global business," he told delegates to the World Investment Forum, organised every two years by the United Nations Conference on Trade and Development (UNCTAD).

As of July this year, some 698,000 foreign-invested enterprises with a paid-in capital of US$1.05 trillion had been secured in China, he said.
(Source:www.schednet.com)