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  Investment News
2015 Chinese and Foreign Investment Promotion Agencies Conference held in Beijing

To adapt to the new changes of international economic situation, the new normal of domestic economic development and the new requirements of opening wider to the outside world, summarize the work of investment promotion in 2014, explore the idea for future work, renovate the concept and work mode of investment promotion, expand and deepen pragmatic cooperation between Chinese and foreign investment promotion agencies and enterprises, the Investment Promotion Agency of Ministry of Commerce (CIPA) held the Chinese and Foreign Promotion Agencies Conference in Beijing on January 22, 2015. Chinese Assistant Commerce Minister Tong Daochi attended the conference and delivered a speech. Among over 200 attendees were diplomatic envoys to China and representatives of foreign investment promotion agencies from over 20 countries such as Australia, Cuba, Germany, Korea, Mexico, Poland and Russia, heads of competent departments of commerce, investment promotion agencies and some development zones in most domestic provinces and municipalities, as well as representatives of renowned domestic and foreign enterprises.


In his speech, Tong analyzed the new situation and trend of China's two-way investment cooperation development in the economic new normal, and noted that China is gradually becoming a major country for foreign direct investment while opening wider to the outside world and continuously attracting foreign investment. Bringing in high-level talents and going out on a large scale is becoming a major feature of the open economy in the new period, investment promotion is facing new opportunities and challenges, the concept and work mode of investment promotion should be renovated constantly in pace with the times.


In a subsequent speech, Polish Ambassador to China Tadeusz Chomicki expressed the willingness to respond to the initiative of "Silk Road Economic Belt", give play to the function of the Contact Mechanism for the Investment Promotion Agencies of China-CEE Countries, and further cement two-way investment cooperation with China. Mexican Ambassador to China Julian Ventura expected the two sides to properly employ the bilateral cooperation mechanism such as China-Mexico High-level Entrepreneur Working Group to constantly cement economic and trade exchanges and promote investment cooperation. Tang Wenhong, director of the Department of Foreign Investment Administration, Ministry of Commerce (MOFCOM) and Wu Pin, deputy director of the Policy Research Department, MOFCOM introduced China's development and policy measures of "bringing in" and "going out". Li Guanghui, vice president of the Chinese Academy of International Trade and Economic Cooperation, MOFCOM, elaborated on China's policies for free trade areas and area construction.


Liu Dianxun, director-general of CIPA, summarized the work of investment promotion in 2014 and introduced the work idea for the next period. He said that CIPA will adhere to industrial investment promotion and the parallel work system of "bringing in" and "going out", strengthen the construction of the mechanism of multilateral and bilateral investment promotion cooperation, focus on perfecting systems and processes to establish a scientific working mode, make resources from all sides interact fully, and give play to actual effects of various platforms, so as to advance the constant development of two-way investment promotion in a more specialized and internationalized direction.

 

The conference has created a platform for Chinese and foreign investment promotion agencies, development zones and enterprises to enhance the knowledge of policies and promote experience exchange, and is conducive to further deepening understanding, cementing relations, facilitating more cooperation and achieving win-win.

 

Copyright by:Investment Promotion Agency of MOFCOM

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