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China has maintained strong growth in foreign investment despite instable global economy, said Chen Deming, Minster of China's Ministry of Commerce at "2008 International Investment forum" in South China's Xiamen on Monday.
He said that today's global economic growth is slowing down; international finance is getting more unstable, and attracting foreign investment faces with great competition. Under this circumstance, China dose not lose any foreign investment, however, its growth remain strong. That indicates foreign investors' confidence to China's future.
In his speech, Chen revealed a series of China's economic numbers. By this year, China's per capita GDP is nearly U.S.$ 2,500; the total deposit of domestic citizens reaches 2.3 trillion U.S. dollars ; the total volume of retail sales and production goods consumption was over 4 trillion U.S. dollars , and total value of import was nearly one trillion U.S. dollars last year.
China has 20 million new laborers every year, majority of them having received job-related training. China is still one of the countries that have the lowest labor cost; the total traffic mileage of China's highway reaches 54,000 km, and that of railway reaches 78,000 km; the port capacity is 6.4 billion tons; the total number of phone users is over 920 million. The great improvement of China's infrastructure makes it much more convenient for promoting international cooperation.
Chen emphasized that on one hand, China will develop open economics with great effort as before; it will keep continuity and stability of policies for taking advantage of foreign investment; China will promote the transparent and completed legal system of foreign investment and protect foreign investors' legal rights.
On the other hand, China will reduce the administrative examination, promote administrative efficiency and establish and complete a unified, open, competitive and ordered system of modern market.
He also said that China, with great market potential, superior advantages of talents, completed infrastructure and stable environment of policies, will keep offering precious opportunities for global investors.
By People's Daily Online
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