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China provides favorable environment for foreign investors

Updated: Jan 22,2016 9:08 AM

The Chinese government says it is committed to a policy of creating favorable conditions for foreign investors. The comment came after an annual survey issued by the American Chamber of Commerce in China said that companies see the business environment here getting tougher. The survey also said about one tenth of the companies who responded plan to move or have moved part of their business outside of China.

Chinese Foreign Ministry spokesman Hong Lei quoted the report as saying that more than 60 percent of the companies had still turned a profit in China and listed China in the top three investment destinations.

Citing figures from the Chinese Commerce Ministry, he said that China attracted more than $120 billion of foreign investment in 2014, the highest among developing countries. He said that figure is estimated to have reached a record high of $126 billion in 2015.

“I’d like to stress that China will stick to its policies of using foreign investment, creating a favorable environment for foreign companies and protecting the legal rights of foreign investors. China still has significant room to manoeuvre its policy and boost the economy. And China is willing to share the profits of development with all countries, so as to seek a mutual beneficial and win-win outcome,” said Hong.