Chen Jian, Chinese vice Commerce Minister said yesterday that the country
would provide better development conditions for foreign multinational
corporations (MNCs).
"China would ramp up efforts to create better legal protection, policy
support, market environment and growth opportunities for them," Chen said at the
2nd International CEO Roundtable of Chinese and Foreign MNCs.
He said global investors' confidence would not recover in a short period of
time amid the financial turmoil and predicted the combined foreign direct
investment (FDI) globally could possibly decrease by 10 to 30 percent.
Figures revealed that FDI in China expanded by 35.06 percent in the first 10
months year on year to 81.1 billion U.S. dollars.
However, FDI in China stood at 6.72 billion U.S. dollars last month, down by
2.02 percent year on year. This was the first time that China saw negative FDI
growth this year.
Chen added that although the current financial turmoil would brought some
challenges to Chinese economy, China still boasts the potential of stable and
relatively fast economic growth.