China will work to provide a better policy environment to attract foreign investment, a senior government official said on Saturday, underlining efforts to turn around a slower investment inflow during a global economic downturn.
Ma Kai, a state councillor, also said China would improve the regulatory system governing mergers and acquisitions by foreign companies as well as the mechanism for anti-monopoly assessment of foreign investment
“We will try to further improve the government efficiency, continue to secure the legitimate rights of foreign investors and implement stricter regulation relating to intellectual property right protection,” Ma told a trade and investment forum in Xiamen city.
Foreign direct investment in China has eased over past months, reflecting waning appetite among investors because of the global downturn and a more cautious outlook on the world’s second largest economy, which has slowed for the sixth straight quarter in the three months to the end of June.
China drew $66.7 billion in foreign direct investment from January to July, down 3.6 percent from the same period the previous year, largely because of falling capital inflows from debt-ridden European countries.
A European business lobby said on Thursday a failure to make much needed market access reforms could put at risk sustained growth of China’s state-led economy.
Posted by byu2012 on September 10, 2012
North Korean leader Kim Jong Un
(Reuters) – North Korea needs to make it far easier to invest in its destitute economy if it is to have much hope of tempting in Chinese money, South Korea’s central bank said on Thursday.
The isolated North’s new leadership has been signaling in recent weeks plans to repair an economy brought to its knees by decades of mismanagement and international sanctions, but will rely heavily on neighboring ally China to do so.
A study released by the Bank of Korea, one of the few sources of information on the North’s economy, said that if successful, manufacturing investment from China could help transform a country whose national output in real terms is estimated by the United Nations to be smaller than it was some 20 years ago.
But the report warned that the North still had a long way to go to emulate the legal reforms undertaken by China in modernizing its centrally planned economy, something that Chinese premier Wen Jiabao raised with the North’s effective second-in-command on a recent visit to Beijing.
Posted by byu2012 on August 30, 2012
Sales of Australian hotels to offshore buyers set a record in the first half as Asian companies including Shangri-La Asia Ltd. (69), Starhill Real Estate Investment Trust (STRH) and Langham Hospitality Group were lured by rising occupancy and room rates.
Companies outside of Australia accounted for A$990 million ($1 billion) of the purchases, or 90 percent, through June 30, according to Jones Lang LaSalle Inc. That’s the highest first- half volume and percentage of the total since the Chicago-based broker began compiling comparable data in 2002. Hong Kong and Malaysian companies were the most active buyers.
Posted by stekunan on August 7, 2012
G. Bin Zhao, Executive Editor, CHINA’S ECONOMY & POLICY and Managing Director, Gateway International Group Limited, says today at South China Morning Post, unlike CNOOC’s failed bid in 2005 to buy Unocal, its proposal to acquire Nexen has considerably more chance of success, and, on the whole, a deal would benefit both China and Canada.
China National Offshore Oil Corp announced last month that it was proposing to buy Canada-based Nexen in a US$15billion deal. This caused quite a stir in Canada, with the domestic mainstream media reporting it widely. By contrast, the response of the Chinese media and public appears rather muted.
Posted by Innovator on August 3, 2012