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| Mr.Liao's portfolio covers the Department of Policy Research, Department of Taiwan, Hong Kong and Macao Affairs, Department of Information Technology, China International Electronic Commerce Center, China Association of International Trade, China International Institute of Multinational Corporations, and the Association of Economy and Trade Across Taiwan Straits. |
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| Mr. Liao Xiaoqi Addressing the Briefings on Advantages of Investment in Central & Northeast China |
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I am glad to attend today's Briefings on Advantages of Investment in Central & Northeast China. I would like, on behalf of MOFCOM, to express warm welcome and sincere appreciation to all guests and friends.
It is a significant strategic policy of promoting the Rise of Central China and Revitalizing Dongbei old industrial base, that made by China's government from overall situation of building up moderate prosperity. It is urgent demand of development of Central and Northeast China, and important measure of implementing scientific outlook of development and realizing balanced social and economic development of China.
State Council issued Opinions on Promoting Rise of Central China in 2006, which generally expatiates basic method, overall requirements, and key principle, policy and measures on promoting rise of central China, and points out developing direction and key mission in central area.
As implementation of strategy on promoting rise of Central China and Revitalizing Dongbei old industrial base, Central and Northeast China remain favorable developing tendency. Key economic index of Central and Northeast China in the first half of 2006 both realize double-digit growths.
In absorption of direct foreign investment, 3,752 foreign funded projects were newly approved in Central China in 2005, with US$15.968bln contractual value, up by 27.28% year-on-year. Meanwhile there were 3,320 newly approved foreign funded projects in Dongbei, with US$17.117bln contractual value, up by 60.35%. In Jan-Jul 2006, absorption of foreign fund in Central and Northeast China amounted to US$98895bln and US$7.395, up by 26.45% and 17.04% year-on-year respectively.
Central China locates in predominant place that linking East and West China and connecting South and North China, convenient communication network of sea, land and air has basically formed and infrastructure construction improved gradually. Northeast China is the oldest industrial base after Foundation of China in 1949. It processes dense enterprises and grand industrial base. Meanwhile since China'government has put forward plans and specific measures on encouraging Dongbei industrial enterprises; it provides favorable opportunities for foreign merchants to participate in renovation of Dongbei.
China's opening up has ushered into a new developing stage, China's government will henceforth keep continuity and stability of absorbing foreign fund policy, further improve law and policy on absorption of foreign fund, and strive to amend management and service for foreign funded enterprises.
I am confident that, in participating strategy of promoting rise of Central China and encouraging Dongbei old industrial base, multinationals could realize mutual benefit and win-win situation with China's enterprises. Once combining fund, management and technique of multinationals with grand industrial base, abundant natural resources, excellent cheap technical talents and other sufficient productive elements, great economic benefit will come into being.
I am sincerely hope all representatives to fully utilize the briefing through deepening and strengthening communication, reach more common agreements between relevant administrations and enterprises community, realize win-win development of China and foreign enterprises, and contribute to Rise of Central China and Revitalization of Dongbei old industrial base.
(Source: Network Center of MOFCOM)
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