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Chen Deming: China will continue to be Favorable for Foreign Investors
2009-03-26 11:01
  From:MOFCOM    Article type:Translated


On March 22, Commerce Minister Chen Deming met with Mr. Nils S. Andersen,CEO of A. P. Moller-Maersk Group; Mr. William S. Cohen, President and CEO of the Cohen Group;Mr. Ian Davis, President and Global Chairman of Mcakinsey & Company;Mr. Doug Devos, President of Amway Corp.;and Mr. James Owens, President and CEO of Caterpillar, at the Diaoyutai State Guesthouse. They are all representatives from USA and European business at the High Level Forum on China Development.

Chen briefed them on China’s economic development and said that China is confident, for China itself is a big market with 1.3 billion people, and is making effort to stimulate domestic demand. Under the financial crisis, China’s foreign trade is confronting with severe challenges, but China is taking positive measures to boost the growth of foreign trade, expanding exports and imports. The momentum of economic globalization remains. No country is able to find a solution to the financial crisis on its own, only joint efforts by all countries and deepening of cooperation can make an earlier recovery of the world economy. China will stick to opening up, and keep enhancing trade and economic cooperation with foreign countries. China values the important role played by foreign business in advancing China’s economic development and creating more jobs. While encouraging China’s business to expand overseas investment, China, as always, welcomes foreign business to invest in China, and vigorously creates favorable investment environment for them, and helps them to solve the problems they encounter.
  
Maersk, Amway, Caterpillar all are confident in China’s economic development, and will expand their investment in China. They disclosed that there would be some new projects to be completed or to commence this year in China.













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