%0 Journal Article %1 MOC2007 %A MOC, %D 2007 %J People's Daily Online (Xinhua) %K FDI Recherche china investment %T MOC publishes guidelines on foreign investment for 2007 %X China will encourage foreigners to invest more in service sector and high-tech companies in 2007 while strictly restricting overseas investment in real estate projects, according to guidelines on foreign investment recently issued by the Ministry of Commerce for 2007. The administrative rules for the current year say local governments and related departments should pay more attention to the quality of use of foreign investment. According to the guidelines, foreign investment should be channeled into high-tech, modern service and high-end manufacturing sectors and into research and development, energy-efficient and environmental-friendly projects. In 2007 China will continue to channel foreign investment into technical upgrading projects for traditional industries and encourage transnational companies to establish regional headquarters and launch procurement, distribution, operation and training centers on the Chinese mainland. The guidelines require that overseas resources should be utilized to expand domestic capital markets and foreigners' strategic investment in Chinese listed companies should be regulated. Foreign investors' cooperation with peers from China's non-state sector will be facilitated. Meanwhile, the guidelines stress that foreign investment should be strictly restricted in real estate sector and low-standard projects with high energy consumption and serious pollution. The guidelines also say that healthy development of mergers and acquisitions by foreign investors should be promoted, and that monopoly-targeted and malicious takeovers be prevented so as to maintain the nation's control over strategic sectors and ensure national economic security. According to the Ministry of Commerce, in 2006 China approved establishment of 41,485 overseas-funded enterprises, down 5.76 percent from 2005, and used 69.5 billion USD in foreign capital, down 4.06 percent. The ministry said under China's macro economic control scheme, no foreign investment projects in the overheated steel, cement and electrolysed aluminum sectors have been approved since 2005. Meanwhile, more foreign capital flowed to the high-tech telecom equipment manufacturing and computer production sectors in 2006. The telecom equipment sector recorded a 61.4 percent growth in foreign capital actually used, while the computer sector, a 48.63 percent growth. The ministry said foreign-funded firms performed well in China and contributed significantly to the nation's economy. In the first 11 months of in 2006, they realized 937.5 billion USD in foreign trade, up 25.5 percent. The volume, accounting for 58 percent of the nation's total, included 509.6 billion USD in export value, up 27.9 percent.

@article{MOC2007, abstract = {China will encourage foreigners to invest more in service sector and high-tech companies in 2007 while strictly restricting overseas investment in real estate projects, according to guidelines on foreign investment recently issued by the Ministry of Commerce for 2007. The administrative rules for the current year say local governments and related departments should pay more attention to the quality of use of foreign investment. According to the guidelines, foreign investment should be channeled into high-tech, modern service and high-end manufacturing sectors and into research and development, energy-efficient and environmental-friendly projects. In 2007 China will continue to channel foreign investment into technical upgrading projects for traditional industries and encourage transnational companies to establish regional headquarters and launch procurement, distribution, operation and training centers on the Chinese mainland. The guidelines require that overseas resources should be utilized to expand domestic capital markets and foreigners' strategic investment in Chinese listed companies should be regulated. Foreign investors' cooperation with peers from China's non-state sector will be facilitated. Meanwhile, the guidelines stress that foreign investment should be strictly restricted in real estate sector and low-standard projects with high energy consumption and serious pollution. The guidelines also say that healthy development of mergers and acquisitions by foreign investors should be promoted, and that monopoly-targeted and malicious takeovers be prevented so as to maintain the nation's control over strategic sectors and ensure national economic security. According to the Ministry of Commerce, in 2006 China approved establishment of 41,485 overseas-funded enterprises, down 5.76 percent from 2005, and used 69.5 billion USD in foreign capital, down 4.06 percent. The ministry said under China's macro economic control scheme, no foreign investment projects in the overheated steel, cement and electrolysed aluminum sectors have been approved since 2005. Meanwhile, more foreign capital flowed to the high-tech telecom equipment manufacturing and computer production sectors in 2006. The telecom equipment sector recorded a 61.4 percent growth in foreign capital actually used, while the computer sector, a 48.63 percent growth. The ministry said foreign-funded firms performed well in China and contributed significantly to the nation's economy. In the first 11 months of in 2006, they realized 937.5 billion USD in foreign trade, up 25.5 percent. The volume, accounting for 58 percent of the nation's total, included 509.6 billion USD in export value, up 27.9 percent.}, added-at = {2008-03-25T06:53:52.000+0100}, author = {MOC}, biburl = {https://www.bibsonomy.org/bibtex/2c787501622092d927b1ce3fff1daace5/acf}, description = {recherche}, interhash = {dd125784e0471398c4111191a2352685}, intrahash = {c787501622092d927b1ce3fff1daace5}, journal = {People's Daily Online (Xinhua)}, keywords = {FDI Recherche china investment}, month = {March 26, 2007}, owner = {test1}, timestamp = {2008-03-25T07:07:42.000+0100}, title = { MOC publishes guidelines on foreign investment for 2007}, year = 2007 }