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5-10 years to achieve capital out of balance
Chen said that at present the profound impact of the global financial crisis continues. By the debt crisis in Europe, Middle East turmoil, Japan, earthquake and other unexpected factors, the uncertainty of world economic development increased. Excess liquidity [link widoczny dla zalogowanych] facing the global economy, commodity prices, increasing inflationary pressures and other issues. China also faces resource constraints enhance the environment, raw materials prices, labor costs and other factors, the traditional comparative advantage is gradually weakened, more stable macro-control policies. "We will accelerate structural adjustment, efforts to foster cooperation in international competition and new advantages, strive to maintain stable export growth."
Chen said that at present, employment in China's foreign trade led directly to the number of over 80 million, of which 60% came from rural areas. Exports not only to stabilize China's economic growth, employment, and also on the coordinated development of urban and rural areas is related to the sustainable growth of domestic consumption.
He said that China will pay more attention to "go out" to promote the "introduction" and [link widoczny dla zalogowanych] "going out" balanced development. In 2003, China's foreign direct investment in only 28 billion U.S. dollars, increased to 59 billion U.S. dollars last year, foreign investment was equivalent to the Liucheng so. Expected for another 5-10 years, China will gradually realize a basic balance of capital out of.
The face of the audience on behalf of dozens of multinational companies, he said,[link widoczny dla zalogowanych], changing the economic development of China, not only do not reject foreign investment to expand domestic demand, on the contrary, need to play a more active role of foreign capital.
He stressed that, in recent years, China has gradually lifted some tax breaks for foreign companies measures to achieve domestic and foreign tax integration, market economy and fair competition is a necessary requirement. Not long ago, China [link widoczny dla zalogowanych] announced a security review system for foreign mergers and acquisitions, do not set a new threshold or administrative licensing procedures, with reference to common practice around the world to make policy more transparent, fair and feasible.
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