Before the opening of 8th China Investment and Trade Fair, Chen Jian, Assistant Minister of MOFCOM, was accepted our interview on issue of policy of encouraging foreign investment etc.

Journalist: would mind making a comment on general situation of China’s investment overseas

Chen Jian: In recent years, more and more Chinese enterprises went outside to invest and set up enterprises, and started foreign trade and economic cooperation. Which not only promote the development of China’s economy but also contributed to the mutual prosperity of world.

World economy is rebounding. In 2003, economic recovery in USA and Japan was better than expectation ,and economic development in EU was steady. Autonomous economic growth mechanism in some developing countries and regions formed step by step. In 2004, world economic recovery is speeding up. According to the prediction of 2003 World Investment Report, aggregate value of global FDI in 2003 was equal to that in 2002 and was expected to rise in 2004. Meanwhile, readjustment on international industrial structure is gaining speed .

China suffered various natural experiences in 2003, but national economy maintained fast increase with GDP of 9.1%. In 2004, China’s economy maintains good momentum of development, in the first half the year, GDP reached 9.7%, China's economic development has entered into another round of rapid growth.

Journalist: What’s the situation of China' investment overseas in 2004?

Chen Jian: In 2004, China’s investment overseas maintains momentum of development. In January through June, overseas investment by non-financial sectors amounted to US$670 million. With the occurrence of new form of investment, some big enterprises have established initially global production and sales networks with overseas investment. Some middle seized and small-seized enterprises began to come up at international market and made contribution to local economic development. These enterprises gained credit standing and promote mutual development through exchanging advantages of each other.

Journalist: What's your opinion on the potential of overseas investment of Chinese enterprises?

Chen Jian: Affected by the slow growth of world economy in recent years, global aggregate FDI decreased by a big margin, but transnational investment by developed countries and regions was still active. China’s national economy maintains a steady growth, the comprehensive strength was enhanced gradually, the international prestige and status on the rise day by day, which provide an authentic safeguard and favorable external development condition to invest overseas for Chinese enterprises.

Journalist: What's the prospect of China's overseas investment?

Chen Jian: China’s overseas investment would gradually realize concerted development with exports and foreign investment introduction, and shall be increasingly interrelated with trade, foreign assistance, foreign engineering contract and foreign labor cooperation etc.

At present, world economy got rid of the weak situation that maintained for several years and recovered gradually.

Overseas investment by enterprises keep expanding and forms of investment tend to be diversified.

Further enhance investment in resource s and f energy.

Increase investment in service trade.

Journalist: What are the measures to promote overseas investment our government put forward?

Chen Jian: China recently has put forward a series of encouraging measures.

Firstly, to carry out reform on procedures of examination and approval, to facilitate overseas investment.

Secondly, perfect supervision on overseas investment.

Thirdly, provide better guidance and service to overseas investment.

Fourthly, enhance overseas investment guarantee .

Journalist: What are the measures and policies for promoting overseas investment that would be put forward?

Chen Jian: Main measures and policies are the following:

Perfect system and expedite legislation;

Deepening reform on management system;

Improve and enhance service, encourage enterprises to "go out";

Go on creating favorable external environment for enterprises to "go out".

(Information by Network Center of MOFCOM)

(News source: English Website of Ministry of Commerce)

(All information published in this website is authentic in Chinese. English is provided for reference only. )