China publishes guidelines on foreign investment

时间：2007-03-27 06:44:47

（单词翻译:单击）

Mar1.26 - China will encourage foreigners to invest more in service sector2 and high-tech3 companies this year while strictly4 restricting overseas investment in real estate projects, according to guidelines on foreign investment recently issued by the Ministry5 of Commerce for 2007.

 

The administrative6 rules for the current year say local governments and related departments should pay more attention to the quality of use of foreign investment.

 

According to the guidelines, foreign investment should be channeled into high-tech, modern service and high-end manufacturing sectors7 and into research and development, energy-efficient and environmental-friendly projects.

 

This year China will continue to channel foreign investment into technical upgrading projects for traditional industries and encourage transnational companies to establish regional headquarters and launch procurement8, distribution, operation and training centers on the Chinese mainland.

 

The guidelines require that overseas resources should be utilized9 to expand domestic capital markets and foreigners' strategic investment in Chinese listed companies should be regulated. Foreign investors10' cooperation with peers from China's non-state sector will be facilitated.

 

Meanwhile, the guidelines stress that foreign investment should be strictly restricted in real estate sector and low-standard projects with high energy consumption and serious pollution.

 

The guidelines also say that healthy development of mergers11 and acquisitions by foreign investors should be promoted, and that monopoly-targeted and malicious12 takeovers be prevented so as to maintain the nation's control over strategic sectors and ensure national economic security.

 

According to the Ministry of Commerce, last year China approved establishment of 41,485 overseas-funded enterprises, down 5.76 percent from the previous year, and used 69.5 billion U.S. dollars in foreign capital, down 4.06 percent.

 

The ministry said under China's macro economic control scheme, no foreign investment projects in the overheated steel, cement and electrolysed aluminum13 sectors have been approved since 2005.

 

Meanwhile, more foreign capital flowed to the high-tech telecom equipment manufacturing and computer production sectors last year. The telecom equipment sector recorded a 61.4 percent growth in foreign capital actually used, while the computer sector, a 48.63 percent growth.

 

The ministry said foreign-funded firms performed well in China and contributed significantly to the nation's economy.

 

In the first 11 months of last year, they realized 937.5 billion U.S. dollars in foreign trade, up 25.5 percent. The volume, accounting14 for 58 percent of the nation's total, included 509.6 billion U.S. dollars in export value, up 27.9 percent.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
3 high-tech high-tech     
adj.高科技的
参考例句：
  • The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
  • The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。
4 strictly GtNwe     
adv.严厉地，严格地；严密地
参考例句：
  • His doctor is dieting him strictly.他的医生严格规定他的饮食。
  • The guests were seated strictly in order of precedence.客人严格按照地位高低就座。
5 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
6 administrative fzDzkc     
adj.行政的，管理的
参考例句：
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
7 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
8 procurement 6kzzu9     
n.采购；获得
参考例句：
  • He is in charge of the procurement of materials.他负责物资的采购。
  • More and more,human food procurement came to have a dominant effect on their evolution.人类获取食物愈来愈显著地影响到人类的进化。
9 utilized a24badb66c4d7870fd211f2511461fff     
v.利用，使用( utilize的过去式和过去分词 )
参考例句：
  • In the19th century waterpower was widely utilized to generate electricity. 在19世纪人们大规模使用水力来发电。 来自《简明英汉词典》
  • The empty building can be utilized for city storage. 可以利用那栋空建筑物作城市的仓库。 来自《简明英汉词典》
10 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
11 mergers b4ab62fffa9919cbf1e93fcad6d3150c     
n.（两个公司的）合并( merger的名词复数 )
参考例句：
  • Mergers fall into three categories: horizontal, vertical, and conglomerate. 合并分为以下三种：横向合并，纵向合并和混合合并。 来自辞典例句
  • Many recent mergers are concentrated within specific industries, particularly in retailing, airlines and communications. 现代许多合并企业集中进行某些特定业务，在零售业、民航和通讯业中更是如此。 来自英汉非文学 - 政府文件
12 malicious e8UzX     
adj.有恶意的，心怀恶意的
参考例句：
  • You ought to kick back at such malicious slander. 你应当反击这种恶毒的污蔑。
  • Their talk was slightly malicious.他们的谈话有点儿心怀不轨。
13 aluminum 9xhzP     
n.(aluminium)铝
参考例句：
  • The aluminum sheets cannot be too much thicker than 0.04 inches.铝板厚度不能超过0.04英寸。
  • During the launch phase,it would ride in a protective aluminum shell.在发射阶段，它盛在一只保护的铝壳里。
14 accounting nzSzsY     
n.会计，会计学，借贷对照表
参考例句：
  • A job fell vacant in the accounting department.财会部出现了一个空缺。
  • There's an accounting error in this entry.这笔账目里有差错。

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