Huang Jie, managing director of Intel China, said Intel's business development in China benefited from Chinese government policies.

Intel set up a factory in Shanghai's Pudong and the southwestern city of Chengdu with Chinese government support, Huang said.

In the first half of the year, 12,400 foreign-funded enterprises were established in China, a year-on-year increase of 18.8 percent, and actual FDI into China climbed 19.6 percent to US$51.43 billion, according to China's Ministry of Commerce (MOC).

In 2009, FDI into China hit US$90.03 billion -- equivalent to 73 percent of the FDI inflows into the US, despite the fact China's economy in dollar terms is only one third the size of the US economy.

In 2010, there were 690,000 registered foreign companies in China which had invested more than $1 trillion, according to the MOC.

Every year since 2006, the PBG Economic Cooperation Forum has been held in Nanning.

The PBG Economic Cooperation Zone comprises of China's Guangxi Zhuang autonomous region and the provinces of Guangdong and Hainan, along with Vietnam, Malaysia, Singapore, Indonesia, the Philippines and Brunei.

The PBG cooperation zone is a new sub-regional cooperation scheme under the China-ASEAN framework.

Government officials from China and ASEAN countries, executives of multinational companies and experts from think tanks attended the forum on how to further the cooperation among the PBG members.

(Xinhua News Agency Aug 14, 2010)