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MOFCOM Makes Blueprint for Central China to Attract Foreign Capital

MOFCOM Makes Blueprint for Central China to Attract Foreign Capital

Write: Alcibiades [2011-05-20]
Recently, the Ministry of Commerce (MOFCOM) issued the Foreign Investment Promotion Plan for Central China in Nanchang, which has formulated the programmatic documents for foreign investment promotion in six central China provinces within the future five years. It was known by the reporter from the press conference that this is the domestic first regional foreign investment promotion plan. Representatives from the Department of Foreign Investment Administration of MOFCOM and Chinese Academy of International Trade and Economic Cooperation, World Bank International Finance Corporation and six central China provinces were present at the conference.
The Plan specifies the basic idea, primary targets, key points and measures of promotion and supporting measures for foreign investment promotion work in central China, which is also the specific move of the state to support central China to attract foreign capital. MOFCOM claims to release details in related websites in early May. Deputy Director of the Department of Foreign Investment Administration of MOFCOM Hu Bin stated that the formulation of the Plan is the demand of central China to realize development and long-term interest, the demand to cope with the new trend of international investment development and the demand to attract foreign capital itself.