Why is China becoming a Popular Foreign Investment Destination?

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Taking the accession to the WTO as the turning point, China has ushered in a completely new phase for its opening-up and become a popular foreign investment destination.
Taking the accession to the WTO as the turning point, China has ushered in a completely new phase for its opening-up and become a popular foreign investment destination. Throughout the achievement China has made on foreign investment attraction for the past few years, why is China so hot?
 
Current Situation of Foreign Investment in China
In 2008, there are 27,514 directly invested projects in three industries, with real investment capital of USD 92.39 billion, among which there are 917 primary industry projects, with real investment capital of USD 1.19 billion, 12,299 secondary industry projects, with real investment capital of USD 53.26 billion and 14,298 tertiary-industry projects, with real investment capital of USD 37.95 billion.
 
Unique Natural Investment Environment
China is rich in agricultural resources and mineral resources, and has strength in crop farming and livestock breeding, which made China has a competitive advantage in attracting foreign investment. Meanwhile, rich resources serves better for the investment of manufacturing and service industries.
 
For the past few years, China’s infrastructure has been improved greatly, while the transportation, communication, water, electricity and gas supply have been constructed better, and the deliverability of energy, raw materials and components has made a big progress, all of which has provided a good outside production operation environment for foreign businessmen.
 
Substantial Support by Government
Chinese government has formulated and revised law and regulations and policy documents completely according to the requests of the market economy as it promised when joining WTO, and will make it just, fair and open when setting up a new law and regulation and policy. Meanwhile, combining the transformation of the government functions, China will improve the examination and approval of investment management while reduce the links, and increase the service efficiency.
 
China is devoting in opening up new fields for foreign investment including extending and opening some new fields such as finance, insurance, telecommunications and circulation, and relaxed the rules on foreign investment in some fields such as business, foreign trade, automobile, chemical engineering and some development projects of energy, infrastructures and mineral resources.

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