For foreign investors, many problems exist in the Chinese investment environment. However, the government is making efforts to address these problems in order to encourage more foreign investment.
Foreign Economic Policies
China began its economic reforms and open-door policy in December 1978. The aim of China's macro-economic policy is to maintain a steady economic growth, to avoid big economic fluctuation and to enhance the people's living standards. The economic growth rate reached 10.2% in 1995 and 9.7% in 1996. The Chinese economic system is on its way from a centrally planning system to a market oriented one.
Attracting Foreign Investment
During the past twenty years, Chinese government has made great achievements in attracting foreign investments and developing an export-oriented economy. By the end of 1996, 230, 000 FIEs had been established with a total of US$177.1 billion foreign direct investment. Chinese government have promulgated various favorable policies for foreign investment and assigned several special regions.Detail...
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