Xiamen targets at luring more capital
( 2003-08-19 16:24) (chinadaily.com.cn)
Xiamen, the most developed coastal city opposite Taiwan Island, is to lure
more overseas investment as it will hold in September the Seventh China
International Fair for Investment and Trade（CIFIT）.
Vice-Mayor Huang Ling said that in order to realize the goal of absorbing
more foreign capital, the city has urged various departments at all levels to
make good preparation for the upcoming trade event.
Xiamen is widely considered an investment hotspot in Chine Mminland for
foreign investors. Up to June this year, entrepreneurs from 51 countries and
regions have invested in Xiamen. Industrial output value of these enterprises
accounts for 84.5 per cent of the gross industrial output value of the city.
Enterprises funded by foreign capital and capital from Hong Kong, Macao and
Taiwan enterprises play a prominent role in the economy of Xiamen, Huang said.
"Inviting investors and attracting capital" is the logo the city chooses for
its development. Huang Ling said that the economic guideline has been proved
effective the past years to attract overseas capital. In order to make further
progress, the most important is to propose appropriate strategy to attract more
foreign investors with preferential industrial policy and favorable service
environment.
Sun Xiyou, director general of Xiamen Foreign Investment Bureau, said that
Xiamen would not develop without inviting investors and attracting capital. As a
special economic zone designated by Beijing's State Council, the superiority of
Xiamen is gradually weakening. However, the development of a city should not
always rely on special polices of the State. It should establish its own brand
and advantages, Huang said.
(by Zhang Nan)
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