1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Govt stresses quality for FDI, ODI

      2012-07-27 10:02 China Daily     Web Editor: Li Jing comment

        Energy, mining, agriculture are key sectors for outbound investment

      China will shift its direct-investment focus, both foreign and outbound, to quality instead of quantity, an economic planning guideline said on Tuesday.

      The National Development and Reform Commission, the country's top economic planning agency, outlined the nation's FDI and ODI development plan for the 12th Five-Year Plan (2011-15). The commission vowed to bring home advanced foreign technology, talent and management when attracting foreign capital.

      To that end, China will encourage multinationals to set up regional centers, R&D centers, procurement centers and financial management centers. China will also encourage foreign companies to invest in advanced service sectors, such as modern logistics, software development, engineering design, consultancy and intellectual property service industries, the document said.

      The country will strictly limit foreign investment in industries that consume a lot of energy and resources, and high-pollution industries.

      "China is transferring from embracing foreign investment to selectively embracing foreign investment, in a bid to upgrade and improve the economy," said Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation.

      The guideline acknowledged several hurdles to meeting this goal. One major problem is the inability to transform the large amount of FDI to China's own technological strength.

      "In past years, the surging FDI preferred single ownership in China, which made the technology spillover effect hard to occur," Huo said. "Other joint ventures, targeting China's labor advantages or the consumer market, provided few chances for technology spillover."

      Huo said China should ramp up its R&D ability and improve its innovation environment, which would help Chinese firms cooperate with foreign firms on technology.

      The document said the government will guide foreign capital into healthcare, culture and tourism sectors, but will be more cautious in finance, securities and telecommunications.

      Huo said there are still reservations within some service industries about opening to foreign capital.

      "But I believe there will be breakthroughs during the 12th Five-Year Plan. We will see more openness and competition. After all, nearly half of foreign capital seeks to enter China's service sectors," Huo said.

      While stressing attracting quality foreign investment, the document also urged improving the quality of outbound investment.

      It said China will encourage investment in overseas high-tech and advanced manufacturing. The country will also seek to acquire foreign intellectual property rights through acquisitions, equity participation, joint ventures, and establishment of its own overseas R&D centers.

      Energy, mining and agriculture are identified as the key sectors that Chinese investors are encouraged to invest in abroad.

      Meanwhile, the document also noted difficulties facing China's outbound investment.

      "As China's might increases, there is growing skepticism toward China's overseas investment and subsequent restrictive practices," the document said.

      Political instability in some countries also raised the potential risks of China's investment, it added.

      Zhang Jianping, a researcher with the Academy of Macroeconomic Research under the NDRC, said encouraging more private and small and medium-sized enterprises to engage in foreign investment is a way to counter the skepticism and restrictions, which China's State-owned enterprises often encounter.

      "The government should offer more consulting for private firms and SMEs which aspire to invest abroad, and match up SOEs and private firms to jointly explore the foreign market," Zhang said.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: ASS亚洲熟妇毛茸茸PICS| 在线亚洲人成电影网站色www| 亚洲伦理一区二区| 人人揉揉香蕉大免费不卡| 中国亚洲女人69内射少妇| 亚美影视免费在线观看| 亚洲男人av香蕉爽爽爽爽| 免费国产黄网站在线观看动图| 国产一级大片免费看| 成人免费观看男女羞羞视频| 亚洲成AV人网址| 精品国产福利尤物免费| 亚洲精品无码不卡在线播放HE| 91在线免费观看| 亚洲成人精品久久| 91网站免费观看| 亚洲男人的天堂网站| 国产jizzjizz视频全部免费| 一个人免费观看日本www视频| 亚洲综合国产一区二区三区| 久久99免费视频| 亚洲三级中文字幕| 日本不卡高清中文字幕免费| 一个人看的www免费在线视频| 亚洲精品国产精品乱码不卡√| 先锋影音资源片午夜在线观看视频免费播放 | 国产在线观看免费完整版中文版 | 国产大片线上免费观看| 亚洲日韩一区二区一无码| 全亚洲最新黄色特级网站| 91视频免费观看| 中中文字幕亚洲无线码| 免费人妻av无码专区| 日韩电影免费观看| 亚洲色欲色欱wwW在线| 国产亚洲精品不卡在线| 成人免费视频网站www| 色妞www精品视频免费看| 亚洲国产精品成人久久| 成年美女黄网站18禁免费| 夜夜爽妓女8888视频免费观看|