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China to Continue Attracting Foreign Investment Actively

The Chinese government has no problem with too much foreign investment and will continue to attract foreign investment actively, said a senior commerce official on Tuesday.

"China needs to attract more investment, not only to get more funds, but to obtain the competitive strength associated the fund flow," said Vice Minister of Commerce Jiang Zengwei at a forum in Chengdu, capital of southwest China's Sichuan Province.

Jiang said China attracted US$69.5 billion of actual foreign investment last year, only six percent of global transnational direct investment.

Given the relatively heavy employment pressure, the levels of technical equipment and corporate management, China should make better use of the role of foreign investment in improving these aspects, Jiang said.

(Xinhua News Agency September 26, 2007)

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