China further facilitates overseas investment
CGTN's He Weiwei
["china"]
China’s opening up deepens, as the government takes further steps to facilitate overseas investment. According to statistics from China's Ministry of Commerce, the country utilized 804 billion US dollars of capital from overseas during the first 11 months of 2017, a growth of 9.8% year-on-year.
As China’s frontier of overseas trade and business, Guangdong Province utilized a quarter of the nation's foreign investments in 2016. In early December, Guangdong provincial government initiated 10 new policies to further facilitate foreign investment, including expanding market access, providing financial support, encouraging R&D and protecting intellectual property rights, in responding to Beijing's call to open its economy to a higher level.
Foreign enterprises find them encouraging. Guangzhou-based SHV energy, the world's largest liquefied petroleum gas distributor that entered the Chinese market around 20 years ago, expects to benefit from such policies. 
Maarten Bijl, SHV Energy Global VP & China CEO says his company will benefit from the new policies/CGTN Photo

Maarten Bijl, SHV Energy Global VP & China CEO says his company will benefit from the new policies/CGTN Photo

"It's a positive sign," Maarten Bijl, CEO of SHV Energy Global VP & China, told CGTN. He also believes that the new rules will facilitate its talent exchanges, and the company will get financial incentive in building the LPG import terminal.
Other foreign companies have shown intention to expand their businesses as well, with new materials, smart manufacturing, and biopharmaceuticals being the key sectors for investment.
Chen Yuehua, deputy director general of Guangdong Province's department of commerce explains the new policies on foreign investments/CGTNPhoto

Chen Yuehua, deputy director general of Guangdong Province's department of commerce explains the new policies on foreign investments/CGTNPhoto

"We hope to attract more high-end and quality overseas investment into Guangdong, such as multinational companies from industries of ICT (Information & Communication Technology), telecommunication, manufacturing sectors, etc.," Said Chen Yuehua, deputy director general of Guangdong Province's department of commerce. 
China has repeatedly pledged its door will remain open to the world and through its friendly economic policies, the country is pushing for a new pattern of all-round opening up.
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