China will continue to curb ‘irrational FDI’
Commerce ministry to encourage companies to abide by the laws and regulations of the host country
Zhong Shan, the Minister of Commerce, said on Sunday that the main reason for the decline in China’s foreign direct investment in 2017 was that “irrational FDI” was effectively contained, The Paper reported.
The ministry will continue to control FDI, he said, while at the same time encouraging companies with strength and credibility to explore the international market and improve their ability in transnational operations.
It will also enhance the review of authenticity and compliance, and order Chinese companies to abide by the laws and regulations of the host country and perform their social responsibilities.
Meanwhile, other major tasks of the ministry for the year ahead include building cooperation platforms and focusing on the construction of overseas economic and trade cooperation zones.