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China will lay stress on the imports of advanced technology,
management, professional expertise, high-technology and on the
growth of service trade in utilizing overseas investment in the
coming five years, a senior official said Friday.
Chinese State Councilor
Wu Yi made the remark while meeting with some 700 government
officials and entrepreneurs from inside and outside China who had
gathered here for a meeting of the China Association of Enterprises
with Foreign Investment. The association, established in 1987, is a
nationwide organization composed of overseas-invested companies and
relevant institutions.
Wu said the way China attracts overseas investment should be
changed in the 2001-05 period from attracting foreign capital to
paying more attention to the imports of advanced technology, modern
management and high-level professionals; from imports of assembly
lines to imports of high-technology; and from setting up joint
ventures in the industrial sector only to setting up joint ventures
in the service trade.
Overseas businessmen are encouraged to invest in these areas,
she said.
This week, China held the National
Conference on Utilizing Foreign Direct Investment in order to
improve the quality and level of the utilization of foreign
investment.
Wu said that China will pay special attention to improving the
"soft" investment environment, meaning standardizing the market
economy order and making government departments more efficient.
(People's Daily 07/07/2001)
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