FDI bears no relation to officials' performance
Updated: 2013-09-02 23:10
(chinadaily.com.cn)
|
|||||||||||
The Chinese government should not regard foreign direct investment as an important index by which to assess officials' performance, says an article of China Business News (excerpts below).
In some key areas, China needs both foreign investment and advanced technology.
In 2008, the central government recalibrated the tax rate for all foreign enterprises at 25 percent, the same as their Chinese counterparts. But some local governments still try to attract low-level foreign investment with preferential policies on tax, land and labor, just to increase the final GDP statistics.
Seeking foreign investment has become a compulsory task for some local officials. There are special departments set up for the purpose.
Some foreign speculators take advantage of the governments' weak point and quickly withdraw their capital from China once they have made their quick profits. Their environmental and social responsibilities are totally ignored.
The Chinese government must correct the official evaluation system for seeking foreign investment. Government officials must be vigilant with regard to foreign speculators. If the foreign investors are suspected of breaking the law, legal authorities must investigate and bring them to justice.
Related Stories
FDI quickens in July as economy steadies 2013-08-24 00:11
FDI surges 24% in July 2013-08-23 10:48
China commits highest FDI in 2012-13: Nepal 2013-08-21 09:58
FDI to maintain growth in H2, official says 2013-07-26 01:12
Today's Top News
Eagle Boy takes to sky to break another record
Beijing tightens vehicle emission controls against PM 2.5
Experts: US unwise to wage war on Assad
Eurasian nations focus on Net
Trending news across China
Merkel in TV debate with rival
Manufacturing sees quick expansion
Sowing the seeds of sustained growth
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Tin city explores economic shift |
Caught in the Web of rumor and innuendo |
Power points |
Magnetic attraction for
|
Urban push |
Summer Guide Special |