China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination - Hallo friend US WORD ARMY, In the article you read this time with the title China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination, we have prepared well for this article you read and download the information therein. hopefully fill posts Items AIR FORCE, Items ARMY, Items INTELLIGENCE, Items NAVY, Items SPECIAL FORCES, we write this you can understand. Well, happy reading.

Loading...

Title : China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination
link : China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination

China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination

President Xi Jinping has vowed to open up China like never before as the world’s second-largest economy faces dwindling foreign exchange reserves and rising competition from countries like India for foreign investment.

China has been trying several measures to keep the economy floating and struggling to keep the growth rate steady. It has moderated its economic growth forecast for 2017 to “around 6.5 per cent” from the 6.7-7 per cent it had targeted last year.

This year’s target is below expectations and signals China is likely to embrace risk-control over short-term growth.

Last year, however, it achieved a full-year growth of 6.7 per cent. That figure was the weakest since the 1990s.

Xi, who has emerged as China’s most powerful leader in recent years and who is nearing the end of his first term in office, told lawmakers yesterday that China’s opening door will not close, vowing that the country will continue to open up on all fronts and continue to liberalise, state-run Xinhua news agency reported today.

His remarks – made during a panel discussion with lawmakers from Shanghai at the annual session of the National People’s Congress (NPC) – assume significance as China has been loosening its grip on foreign capital inflows and reducing restrictive measures and opening more sectors.

Yesterday, Premier Li Keqiang delivering a government work report detailed “unprecedented” opening-up measures to the outside world under its flagship ‘Made in China’ initiative.

“Foreign firms will be treated the same as domestic firms when it comes to licences

Loading...

applications, standard setting, government procurement and will enjoy same preferential policies under Made in China 2025 initiative,” Li said.

Foreign firms will be able to get listed on China’s stock markets and issue bonds. They will be allowed to participate in national science and technology projects, he said.

Significant improvements will be made in the environment for foreign investment. Service industries, manufacturing and mining will be more open to foreign investment, he added. India’s manufacturing sector is posting strong growths and a lot of factories are moving to India due to high labour cost in China.

Local governments in China can, within the scope of the powers granted them by law, adopt preferential policies to attract foreign investment.

With the renewed focus for FDI, China is expected to aggressively vie with India for investments abroad. Its forex reserves – the world’s largest – dipped below $3 trillion, sparking concerns among the Chinese policymakers.

In the past few years, India has become the world’s top investment destination for FDI under the ‘Make In India’ programme. According to a Financial Times report, “In 2015, India was for the first time the leading country ($63 billion) in the world for FDI, overtaking the US (which had $59.6 billion of greenfield FDI) and China (USD 56.6 billion).”

 

 

 

 

 

 

 

Source:- ET

 

 

 

 

The post China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination appeared first on Indian Defence Update.

from Indian Defence Update http://ift.tt/2mNGJFZ
via IFTTT

thus Article China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination

that is all articles China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destination This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.

You now read the article China’s Xi finally admits India cannot be taken lightly after it became the world’s top investment destinationwith the link address https://uswordarmy.blogspot.com/2017/03/chinas-xi-finally-admits-india-cannot.html

Loading...

Tweet

Subscribe to receive free email updates: