To attract more foreign investment, fresh favorable policies expected

THE MINISTRY OF COMMERCE has released data on recent foreign investment statistics that show China is still attractive to foreign investors. China Daily writer Wang Yiqing comments:

Claims of large-scale foreign investment flight from China are frequently made by Western media trying to portray a damaging economic slowdown for China.

But such claims are not supported by the data, which show that from January to October there were 33,407 newly established foreign-invested enterprises in China according to the Ministry of Commerce. During this period foreign investment in actual use in China was 752.41 billion yuan ($107.11 billion), up 6.6 percent year-on-year. In the single month of October, foreign investment in actual use was 69.2 billion yuan, which was a year-on-year increase of 7.4 percent.