LINE

Text:AAAPrint
Economy

China attractive to FDI despite slowing growth: MOC

1
2015-05-06 08:47Xinhua Editor: Gu Liping

China's assistant commerce minister said on Tuesday that the country remains competitive in drawing foreign investment even though the economy faces downward pressure.

Speaking at a work conference, Wang Shouwen cited China's stable market, industrial infrastructure, as well as the country's increasing integration with the global economy as major lures of foreign investments.

Data released on April 16 showed foreign direct investment (FDI) in the Chinese mainland jumped 11.3 percent year on year in the first three months of 2015 to 34.88 billion U.S. dollars.

During the same period, China's growth slowed to 7 percent year on year, the lowest quarterly growth rate since 2009, which has prompted concerns of possible investment outflows.

The Ministry of Commerce said its major tasks in 2015 include pushing for opening up, cutting red tape around foreign investment and widening pilot projects offering liberalized trade restrictions.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.