To follow the basic state policy of opening-up, unswervingly develop an open economy and pursue a win-win strategy of opening-up is a useful experience that has underpinned the sustained and rapid dev
To follow the basic state policy of opening-up, unswervingly develop an open economy and pursue a win-win strategy of opening-up is a useful experience that has underpinned the sustained and rapid development of the Chinese economy over the past 30 years and more. To attract foreign investment, pick competitive foreign investors and bring in "financial resources" and "intellectual resources" both at the same time is an important element of China's opening-up policy. By July 2010, a total of 698,000 foreign-invested enterprises had been established in China, registering a paid-in capital of US$1.05 trillion. Today, in China, 22% of tax revenues, 28% of added industrial value, 55% of foreign trade, 50% of technology import and some 45 million job opportunities are contributed by foreign-invested enterprises. Opening to the outside world and attracting foreign investment are mutually beneficial and complementary. For China, continued introduction of foreign investment has provided necessary fund, advanced technologies and valuable managerial expertise and many global-minded talents to support the country's modernization drive. For foreign enterprises, investing in China has generated handsome returns. Many foreign-invested enterprises in China have become the growth engines and profit centers of their parent companies' global business.
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In recent years, China has worked to balance “bringing in” and “going global” as an open economy that integrates domestic and international markets for win-win results and highlights security and efficiency. Incentives have been given to foreign businesses to engage in R&D, production and sales in China. At the moment, China is fostering home-grown multinationals by encouraging full-fledged/well-placed/well-positioned Chinese businesses to establish global marketing networks and seek partnerships in infrastructure projects overseas. China is also upgrading industries as a way to boost exports of goods and services.
The past more than 30 years of reform and opening up have seen China keep its economy strong and growing. One key contributing factor behind China’s huge success is its enduring commitment to open wider to the outside world for win-win scenarios. As part of China’s opening up program, China has worked to bring in more but selective investments and talents alike.
As of July 2010, 698,000 foreign companies have been incorporated in China with a total paid-in investment of US$1.05 trillion. At the moment, foreign-funded businesses in China contribute 22% of tax revenue, 28% of total industrial added value, 55% of total foreign trade volume, and 50% of technology imports. Together, they hire/employ about 45 million people in China.
Opening-up and foreign investment incentives lead to win-win outcomes. For China’s part, sustained inflow of foreign capital has brought China much-needed funds, state-of-the-art technology, cutting-edge managerial know-how and a large pool of talents with international exposure. As far as foreign investors are concerned, their presence in the lucrative market has generated handsome returns. Quite a number of foreign businesses active in China have emerged as new growth drivers and leading source of profitability/profit center for their parent companies.
（责任编辑:秩名）
