China Pushes for Policies Favoring Foreign Investment

Aug. 20, 2010
Surveys by the American and European chambers of commerce in recent months showed overseas companies are increasingly unhappy with the way they are treated in China.

Beijing has urged officials to implement policies aimed at encouraging foreign investment, amid rising complaints from overseas companies that China's business environment is worsening.

The statement issued by the State Council, or cabinet, on August 19 was an apparent response to criticism from foreign governments and companies over perceived unfair policies and market restrictions.

"Relevant departments must seriously implement (the policies) ... and the State Council will carry out regular checks into the enforcement in key areas," the statement said.

The State Council in April issued a series of favorable measures for foreign companies including cheaper land prices and tax breaks.

Overseas firms were also encouraged to take stakes or acquire Chinese companies, buy domestic stocks and issue yuan-denominated bonds and shares as a way to expand their financing channels.

The statement urged relevant ministries including the National Development and Reform Commission, China's top economic planning agency, and the Ministry of Commerce to implement the measures.

The statement came after officials from German firms BASF and Siemens last month joined the chorus of complaint over China's business climate -- during a meeting attended by China's Premier Wen Jiabao and German Chancellor Angela Merkel.

Merkel herself prodded China on the issue, saying she hoped that "German enterprises can enjoy the same access to the Chinese market" as Chinese firms do in her country.

Surveys by the American and European chambers of commerce in recent months showed overseas companies are increasingly unhappy with the way they are treated in China.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!