Chen Deming is the security issue enlargement investment protectionism in disguise

--Xiamen 7 September: "Chinese enterprises go out often encountered by individual countries to involve security issues as an excuse to restrict the inflow of funds. "Minister Chen Deming of China Ministry of Commerce said on 7 may, codify the safety problems generalization, enlargement is the investment protectionism in disguise.

Chen Deming is attending the second World Investment Forum at the round table of Ministers. He raised at the meeting, the global investment protection agreements, should pay particular attention to capital flows to developing countries, especially least developed countries.

While attending the United Nations at its second session, the UNCTAD World Investment Forum Ministerial round table, Chen Deming response UNCTAD Secretary-General Supachai on global there should be an investment protection agreement initiative. He said that after the crisis of age making this recommendation is an excellent topic.

He believes that investment protection policies, and national levels of economic development, etc. At present, the main international capital flows, less developed countries to developing countries, especially least developed countries. Therefore, the global investment protection agreements, should pay special attention to capital flows to developing countries, especially least developed countries.

Chen Deming said that global financial crisis to the consequences of the global economy, the facts are better than imagined, because the World Trade Organization rules exist, Member States must comply with; investment as trade is concerned, there is no uniform global investment policies, and States to attract capital and promote local enterprises go out, there are a number of bilateral investment protection agreement of trade.

Chen Deming said that China needs international capital investment, because not only does this bring products and technologies, but also bring about advanced management and talent. He is expected to attract foreign investment in China this year will reach $ 100 billion, while China has 500-600 billion of capital flows to developing countries, mainly abroad.

Chen Deming said China in recent years in foreign countries made 7-8 bilateral cooperation in economic and technical development zone, will be doing it. China is willing to developing and least developed countries to establish similar development zone. (The end)