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Guangxi to Attract More Overseas Investment
Authorities of south China's Guangxi Zhuang Autonomous Region pledged that they will work to realize a rise in the inflow of overseas investment into the region of over 20 percent.
Local authorities predicted that the inflow of overseas investment for this year is about more than US$900 million.
To meet the goal, the region will open more fields to overseas investors and will try to encourage overseas investors to invest in agriculture, water conservancy, ecological, transport, civil works, environmental protection projects, as well as development of hydropower, non-ferrous metals, mineral resources, tourism, forestry-based products, and marine resources, said an official of the regional government.
In the meantime, the region will also improve local economic laws and regulations involving overseas investors. Local foreign trade officials will be organized to study the rules of the World Trade Organization (WTO) in a bid to improve the region's level of opening-up.
While stepping efforts to reform the region's foreign trade structure, the region will also manage imports in accordance with WTO rules and strive harder to increase the export of traditional commodities in bulk, labor-intensive industrial products and of electro-mechanical commodities with great added value.
The region will also improve services involved in foreign trade, including customs, commodity inspections, finance, insurance and transportation.
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