It is time for foreign investors to enter Chinese market through mergers and acquisitions, said Hu Jingyan, director of the Foreign Investment Department under the Ministry of Commerce, recently.

Hu made the remark at an international seminar on mergers and acquisitions, the Economic Information Daily reported on Tuesday.  

Hu said his conclusion was based on the rebound of global mergers and acquisitions, the continued and fast development of the Chinese economy, and foreign investors' optimistic stances on China's market.

A good policy environment in both industrial and service trade areas provides foreign investors with vast development space for mergers and acquisitions in China, Hu was quoted as saying.

Relevant departments have promulgated a series of special laws and regulations on foreign investors' mergers in China, cleaning out obstacles in this regard, he said.

Foreign investors usually use mergers and acquisitions to enter China's market of public consumer goods, food, drinks, electronic products, telecommunications, aviation and finance, the newspaper said.

(Xinhua News Agency September 28, 2005)