The Chinese government has no problem with too much foreign
investment and will continue to attract foreign investment
actively, said a senior commerce official on Tuesday.
"China needs to attract more investment, not only to get more
funds, but to obtain the competitive strength associated the fund
flow," said Vice Minister of Commerce Jiang Zengwei at a forum in
Chengdu, capital of southwest China's Sichuan Province.
Jiang said China attracted 69.5 billion US dollars of actual
foreign investment last year, only six percent of global
transnational direct investment.
Given the relatively heavy employment pressure, the levels of
technical equipment and corporate management, China should make
better use of the role of foreign investment in improving these
aspects, Jiang said.
(Xinhua News Agency September 26, 2007)
