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Wang Yi Talks about China's Investment Environment: Increasing Openness will be an Inevitable Trend
2016/10/31

On October 31, 2016, when jointly meeting the press with Foreign Minister Jean-Marc Ayrault of France in Beijing, Foreign Minister Wang Yi responded upon inquiry to some groundless comments on the investment environment of China and overseas investment of Chinese enterprises.

Wang Yi said that in recent years, two-way investment of China and other countries has achieved rapid development, which is a healthy way for China to conduct mutually beneficial cooperation with other countries. As for China's overseas investment, the Chinese government encourages competent Chinese enterprises to invest in and cooperate with countries that have interest in attracting Chinese investment in accordance with market principles and business specifications. When it comes to foreign investment, Chinese enterprises always abide by local laws and regulations, as well as respect cultural practices and customs of the local people. Their foreign investment will continue to achieve sound development and reap more mutually beneficial and win-win results. In regard to foreign investment in China, it is very clear that China always welcomes foreign enterprises to invest and develop business in China. This is an established policy of China and is also in line with the trend of economic globalization.

Wang Yi pointed out that China is still a developing country. It is not scientific and comparable to simply evaluate and measure the investment environment of developing countries with the standard of highly developed countries. However, the Chinese market, as one of the most widely open developing economies, obviously ranks high in terms of the pace and range of openness compared horizontally with other developing countries. More importantly, with further development, China's door of opening up will be much wider to the outside world and its investment environment will be better and better, which is a completely predictable and inevitable trend.

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