(Xinhua File Photo)
BEIJING, March 20 (Xinhua) -- China remains the world's top destination for foreign investments as the country still holds many competitive edges, a latest research report revealed Wednesday.
Steadily expanding domestic market, improving competition environment, technology talents, government's stimulus measures, cheap labor, and favorable tax policies are among the major attractions for foreign investments, according to a report jointly released by China Development Research Foundation and PricewaterhouseCoopers (PwC).
Citing results from a survey on 227 chief executive officers from multi-national companies, the report said 70 percent of those who had businesses in China plan to increase their investments in the coming five years.
The report found that companies considered enhancing transparency as vital for the creation of a fair competition environment, and most of them believed Chinese authorities are changing their stance in a positive way.
Although China's position at the top remained unchanged, other emerging economies, including India, Brazil, Turkey and some African countries, are catching up quickly, the report said.
As potential destinations become more diversified, multi-national companies become more cautious in making their choices, challenging China's top spot in the area, according to the report.
Latest official data showed foreign direct investment (FDI) into China came in at 8.21 billion U.S. dollars in February, up 6.32 percent year on year.
Overseas investors eye Chinese property
BEIJING, March 25 (Xinhuanet) -- China may see an increase in property transactions involving international investors in 2013, fueled by the economic recovery and the rosy outlook of China's commercial properties, industry experts said.
"On one hand, a number of deals are in the pipeline after lots of negotiations were conducted last year. On the other hand, the top management of international real estate funds are also under pressure because few deals were concluded last year," said Andy Zhang, managing director of Cushman & Wakefield China. Full story
China to promote capital opening "step by step"
BEIJING, March 13 (Xinhua) -- China will promote the convertibility of Renminbi under capital accounts step by step, although the yuan's increasing cross-border use will accelerate the process, People's Bank of China (PBOC) governor Zhou Xiaochuan said Wednesday.
"Making the yuan convertible under capital accounts is quite complicated," Zhou said at a press conference held on the sidelines of parliament's annual session. Full story