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Chinese Internet Investment, Chinese Internet Investments
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The Chinese government has moved to reassure firms and fund managers that overseas investment will still be welcome in the country; allaying fears that raised currency reserves would encourage a protectionist strategy.
Hu Jingyan of the foreign investment office from Beijing's commerce ministry insisted: "We can't say that foreign investment in China has already become saturated".
Pledging that the country would not reverse a programme of economic liberalisation, he promised that a new anti-monopoly law, to be unveiled by the government this year, would enhance the growth of market competition.
While acknowledging the rise in foreign currency reserves, Mr Hu argued that their standing in relation to China's population was still relatively low and "will not change" the country's key macroeconomic policies.
China's performance helped global markets to surge forward in 2005, outperforming their developed competitors by over 30 per cent, as the subject of renewed interest from overseas investment.
Currently, China attracts more foreign direct investment than any other country, according to figures from the Organisation for Economic Co-operation and Development.
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Chinese Internet Investments, Chinese Internet Investment
CHinaeCapital Inc.:
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