Business
22:52, 26-Jun-2017
China to publicize foreign investor information
[]
Share
Copied
China will establish a platform for publicizing foreign investors' information to improve services, said the Ministry of Commerce in a statement on Monday.
The platform will publicize records of foreign investment, joint annual reports and credibility archives of foreign investors, said the statement.
Government priorities will shift from foreign investment approval to regulation and supervision in a bid to create a better environment for foreign investors, said the statement.
China to publicize foreign investor information. /CFP Photo
China to publicize foreign investor information. /CFP Photo
The platform will increase transparency and predictability of foreign investment management, according to the statement.
The ministry encourages pilot free trade zones and state-level economic development zones to take the lead in establishing the platform, added the statement.
Foreign direct investment (FDI) into the Chinese mainland dropped by 3.7% year-on-year in May to 54.7 billion yuan (about 8 billion US dollars), data from the Ministry showed.
In the first five months, FDI inflow was 0.7% lower than the same period in 2016, said the Ministry.
(Source: Xinhua)