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China needs foreign firms in economic transformation: commerce minister [Copy link] 中文

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Post time 2011-3-21 08:53:09 |Display all floors
BEIJING, March 20 (Xinhua) -- China's commerce minister said on Sunday that foreign invested enterprises (FIEs) have a more active role to play in the process of China's economic transformation.

"China's efforts to transform its economic development model and expand domestic demand are not closed to FIEs, rather, we need FIEs to play a more active role," said Chen Deming, China' s commerce minister.

It is only for fair market competition that China has rescinded some preferential policies for FIEs and set a uniform taxation rate for domestic firms and FIEs, said Chen during the 12th China Development Forum.

"The policies designed to encourage innovation in China are applicable to all enterprises running business in China, including the FIEs," he said.

China's publication in early March of the rules governing foreign takeovers of Chinese companies was in line with international standards and would result in no additional administrative procedures, he said.

"In government procurement, the Chinese government would continue to follow an open and transparent policy to grant completely equal treatment to Chinese and foreign firms," said Chen.

Chen also called upon some countries to offer Chinese enterprises equal market access and protect their legitimate interest and rights.

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Post time 2011-3-21 11:35:31 |Display all floors
China's economic transformation and expanding domestic demand is good for china's economic development.
Many companies have benefit for this policy,not only the chinese enterprises but the FIEs.
There are so many foreign invested enteprises in China. The economic developmnet of China effects the FIEs.
Meanwhile, the development of  FIEs need China's  economic developming Continuously and healthy.
So the FIEs should have a more active role to play in the process of China's economic transformation.

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Post time 2011-3-21 11:44:08 |Display all floors

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Post time 2011-3-21 18:11:35 |Display all floors

Chinas' Foreign-Invested Enterprises

These enterprises, particularly those invested by overseas Chinese and companies from Taiwan, Hong Kong, the US and Japan, continue to form the backbone of China's exports (it was as high as 65% in 2005) and are the largest source of higher-income jobs.  The government, very wisely, did not ask for a premium but offered a limited tax break.  Now, they are tax-paying "normal" members of society.

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Post time 2011-3-21 20:21:26 |Display all floors
Originally posted by ttt222 at 2011-3-21 08:53
BEIJING, March 20 (Xinhua) -- China's commerce minister said on Sunday that foreign invested enterprises (FIEs) have a more active role to play in the process of China's economic transformation.

...

both enterprises will have equal policies.

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Post time 2011-3-21 23:28:25 |Display all floors
Originally posted by Wahahaha at 2011-3-21 11:44
That is all very well but we should also make them pay a little PREMIUM for the privilege of accessing the world's largest and exponentially growing market!


especially the thieving Anglos
http://www.stateofnature.org/darkLords.html

if they don't pay-PULL THEIR PLUG!
http://www.boycottamerica.org/

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Post time 2011-3-22 21:38:43 |Display all floors

China need some policies to protect the national industry

I think that, although China has became a economic power, But our national industry is weak yet, either technology or equipments.
So ,competely equal treatment to foreign enterprises mean our weak strength enterprise will face the crisis from the cruel competition.
Our policies must be open ande transparent,but some of our national industry also need a good development environment.

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