China trade minister pledges easier market access for foreign investors


China’s Commerce Minister Zhong Shan speaks at the 11th World Trade Organization’s ministerial conference in Buenos Aires, Argentina December 11, 2017. REUTERS/Marcos Brindicci

Reuters Staff December 31, 2017 / 5:51 PM / Updated 13 hours ago

BEIJING (Reuters) – China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published on Sunday.

Writing in the latest issue of Communist Party theoretical journal Qiushi, Zhong said that the government would “raise the level of use of foreign investment”.

China would make market access a lot easier, protect the legitimate rights of foreign firms and create a “fair, transparent and predictable business environment”, he added, without giving details.

Foreign business groups in China have warned that foreign companies face an increasingly hostile environment in the country, and that Beijing’s policies and regulations unfairly favor domestic competitors.

Companies have also been worried about a lack of regulatory transparency, including inadequate protection for intellectual property.

Zhong said that there would be no “stagnation” to Beijing’s reform and opening-up process, and pledged China would “fully become a strong business and trade country before 2050”.

Reporting by Ben Blanchard; Editing by Richard Borsuk

Source: Reuters “China trade minister pledges easier market access for foreign investors”

Note: This is Reuters’ report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.

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6 Comments on “China trade minister pledges easier market access for foreign investors”

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  3. johnleecan says:

    Foreign business groups in China have been taking advantage of China’s cheap labor, China’s advance machinery and technology, Chinese excellent working ethics and Chinese infrastructures for decades. When Chinese entrepreneurs catched up with the west, they claim that foreign companies face an increasingly hostile environment in China.

    Another thing is many western businessmen would pretend to be agents of well known brands and would even show Chinese businessmen their products’ copyrights and licenses which the Chinese can’t even read or verify if it’s the real thing. This holds true for many businesses around the world. Most don’t check and verify especially when they don’t know the language.

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  4. Joseph says:

    Ironic that the trade minister chose to make the pledge in Buenos Aires Argentina, not in London, New York or Tokyo. When China talks about foreign investments, Western media would promptly refer to Westerners investors with their bad practices such as monopoly, protercted abusive consumer practices and nepotism. They even claims that Western investment somehow created prosperous China, an utter nonsense as they could not create prosperous Western economy. What the media reluctant to report is that Western investment consists only as little as 10% foreign investments in China but causes 95% problems caused by foreign investments. The bulk of the foreign investments in China is actually by Chinese Overseas investors, and as the Chinese Overseas always keep low profile in their adopted countries, they have no desire to create problems only to make extra profits in wherever they invest. Since the late 1990s to mid 2000s, there were huge numbers of Chinese migrated to South America countries such as Argentina and Brazil. These immigrants/investors were spearheaded by South East Asian Chinese Overseas who brought along their Mainland Chinese relatives. Their intentions were to open new alternatives for South East Asia as the region became politically unstable with hostile attitudes toward Chinese Overseas. The economically troubled South America unexpectedly welcomed Chinese migrants/investors to contribute their economy favorably as it helped to bail out their countries out of economic limbo. As the South East Asian region stabilized for the better to favorable conditions for the Chinese Overseas, the exodus to South America slows, leaving them to take their own course. Ten years has passed, and Chinese Overseas investments in South American has matured along with their adopted countries economy. As the South American countries economy stabilizes, they have new breeds of wealthy South American Chinese Overseas, similar to those in South East Asia and unlike to those ridiculously in the West. It is only logical for China to go to South America to encourage foreign investments from South American Chinese, especially with China scare campaign the West is running. They would be as honorable as South East Asia Chinese who had helped China to grow in the past. South American Chinese Overseas economic power could equal South East Asia Chinese Overseas economic power, doubling Chinese Overseas investment in China. After all who needs dishonest Western investments that only know profits above the suffering of the people, through deceit if necessary.

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