On April 29, the press conference on the Foreign Investment Promotion Plan for Central China was held in Nanchang, Jiangxi province, at which representatives from the Foreign Investment Administration of the Ministry of Commerce (MOFCOM), Chinese Academy of International Trade and Economic Cooperation and six central China provinces were present and delivered speeches.

Deputy Head of the MOFCOM Foreign Investment Administration Hu Bin and Doctor with the International Finance Corporation of the World Bank Li Yao addressed the conference, and director of Chinese Academy of International Trade and Economic Cooperation Ma Yu introduced the framework of the “investment promotion plan”. Distinguished guests present also answered the questions of reporters.

The Foreign Investment Promotion Plan for Central China was jointly formulated by the MOFCOM Foreign Investment Administration, Chinese Academy of International Trade and Economic Cooperation, Foreign Investment Advisory (FIAS) and departments of commerce of six central China provinces, which specifies the basic idea, main targets, measures of promotion and safeguard measures of foreign investment promotion in central China.

The Plan puts forward the thinking of make overall and concerted development and related policies, hoping to effectively guide six central China provinces to establish and perfect the foreign investment promotion system, intensify the capacity construction of investment promotion sectors and the construction of promotion platforms and enhance the building of regional image to realize the modernization of promotion pattern.

In accordance with the Plan, foreign investment promotion in central China should focus on formulating policies, establishing systems, offering platforms and services and creating environment to attract foreign investment. Top priority should be given to the long-term key points of central China’s investment promotion agencies, including perfecting space of industrial development and normative investment services and good supporting environment for foreign investors.

 
Six provinces in central China have a huge potential of development and unique advantage to attract foreign investment. To promote central China to further expand the scale of attracting foreign investment and raise the level of attracting foreign investment is a long-term and arduous task, which shall practically strengthen leadership and make scientific plant to set up a situation of reasonable division of labor, complementary advantages, benefit sharing and concerted development to create better conditions for fully raising the quality and level of central China attracting foreign investment.

Source: Ministry of Commerce Website