Rani Jarkas — China to Expand its Door for Foreign Investments
Foreign direct investment (FDI) in non-financial sector in China raised 3.8 percent year-on-year to 343.6 billion yuan in the first five months of 2016. From Jaunary to May, investment in the services sector increased by 7.0 percent to 241.8 billion yuan, which represented 70.4 percent of total FDI.
Premier Li Keqiang gives his word to foreign companies that more will be done to deal with financial risks at Summer Davos Forum in Tianjin on Tuesday. He assured greater market access for foreign investment and the country is dedicated for building an environment for fair competition.
Li Keqiang commented, “Foreign technology and managerial expertise will help Chinese companies and the country’s ongoing upgrading.” He also recognized the contribution of foreign firms for assisting the progress of Chinese efforts to push economic transformation and enhancing through reform and innovation.
According to the Ministry of Commerce of the People’s Republic of China, Foreign Direct Investment in China averaged US$4156 million from 1997 until 2016, which reached an all-time high of US$12,627 million in December of 2015 and a record low of US$183.2 million in January of 2000.
Rani Jarkas , Cedrus Investments’ Chairman and also an investment pioneer backed by years of Asian financial experience, commented, “Although facing many challenges, China still has the great potential for investment and should become the world’s most appealing destination for investment in the near future.”