Investors promised more open, transparent market

Vice-President Xi Jinping and Mozambican Prime Minister Aires Ali attend the opening of the 2nd World Investment Forum, organized biennially by the United Nations Conference on Trade and Development, in Xiamen, Fujian province, on Tuesday. [Wang Jing / China Daily]

China is dedicated to creating a "more open and optimized" investment environment for foreign businesses, and will strive to remain the world's most attractive destination for foreign direct investment (FDI), Vice-President Xi Jinping said on Tuesday.

Xi made the remarks, which were welcomed by global trade officials, at the opening ceremony of the United Nations Conference on Trade and Development (UNCTAD) 2010 World Investment Forum (WIF) in Xiamen, Fujian province.

The Chinese government's efforts in both attracting foreign investment and encouraging outbound investment were highlighted by Xi.

His remarks were praised by high-level officials both from trade organizations and foreign countries, who agreed more vigorous investment policies by the Chinese government would greatly benefit the global economic recovery.

"While China is more open to the world, foreign companies operating in China will find more potential for growth and will enjoy better commercial benefits here," said Xi.

And "China will go on committing itself to creating a more open, transparent and stable environment", by improving regulatory laws, widening market access and better protecting intellectual property rights (IPRs), in the years ahead, he added.