Chinese regions to attract more FDI
Updated: 2013-05-16 20:19
(Xinhua)
|
|||||||||||
BEIJING - Less developed central and western regions of China will look to benefit from more foreign direct investment (FDI), according to a guideline released Thursday.
The guideline, issued by the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC), encourages FDI into environment-friendly and labor-intensive industries in the two regions, so as to better utilize resources and improve services.
The country aims for more FDI in agricultural and mining products like zinc, tin and stibium in Guangxi Zhuang Autonomous Region, the guideline said.
The manufacturing sector and service industry will also look to attract foreign capital, especially pillar enterprizes that are leading local economic growth like home appliance manufacturing in Sichuan Province.
In a revision from an article about the automobile industry in its former guideline, the NDRC and MOC now encourages FDI injection into the sector in western regions.
The new guideline clearly prohibits the expansion of enterprises with inefficient capacity or those with large energy consumption and emissions.
The guideline covers 22 provinces, municipalities and autonomous regions with 500 detailed articles, which will be effective from June 10.
Utilized foreign capital in central and western regions reached $19.21 billion, or 17.2 percent of the country's total in 2012, up 36.7 percent and 4.2 percentage points from 2008, respectively.
In the first four months of 2013, FDI inflow to China, which excludes those to the financial sector, grew 1.21 percent year on year to $38.34 billion, according to the MOC data.
Related Stories
FDI to maintain stable growth 2013-04-25 02:42
FDI surge a show of confidence 2013-04-19 01:08
FDI drops again amid slowdown 2013-02-21 07:12
Shanghai's FDI surges in 2012 2013-01-22 19:15
FDI sees 1st decrease in 3 years amid slowdown 2013-01-17 07:17
Today's Top News
EU solar duties to 'seriously harm' trade ties
China cuts US bond holdings
China's Apr FDI inflow up 0.4%
Telecoms probe hurts Chinese, EU interests
Bomb hoax suspect caught in S China
British visa easier to woo Chinese
Taiwan-Philippines dispute grows
China to increase input on the Arctic
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Sex case takes a new turn |
Micro blogs help fight graft |
Special: Have some more tea |
Quake prompts growth in NGOs |
Flash quit |
Jaywalkers tread with care |