Ministry Of Commerce: China Intends To Formulate New Policies And Support Enterprises To "Go Out".

Yu Jianhua is here today.

Yu Jianhua said that the Ministry of Commerce will continue to cooperate with relevant departments in finance and taxation.

According to statistics, in the first half of this year, Chinese investors made direct investment in 2169 overseas enterprises in 117 countries and regions in the world, totaling $23 billion 900 million in non financial foreign direct investment, an increase of 34% over the same period last year.

In absorbing foreign capital, Yu Jianhua said that in order to improve the investment environment, the Ministry of Commerce will further decentralize the examination and approval authority, place a large part of the matters previously approved by the Ministry of Commerce, and simplify the examination and approval procedures, shorten the time of examination and approval, and facilitate investment facilitation.

Yu Jianhua said that China's relevant departments are revising the catalogue of foreign investment industry guidance, aiming at further opening wider to the outside world and guiding foreign businessmen to invest in high-end manufacturing, high-tech industries, modern service industries, new energy sources and energy conservation and environmental protection industries.

According to Yu, in 2010, foreign investment in China ranked second in the world and the first in developing countries, which is the top nineteenth in the developing countries in the past nineteenth years.

In 2010, the actual absorption of foreign capital in the non-financial sector of the country exceeded 100 billion US dollars, reaching 105 billion 740 million US dollars, an increase of 17.4% over the same period last year.

It is understood that in order to promote mutual investment, China will also hold the fifteenth China International Investment and Trade Fair in September this year.

It is the only national investment promotion activity in China to promote two-way investment.

This session will hold a series of "China Africa investment high level seminar" to build a platform for Sino African Economic and trade cooperation.