Fur­ther open­ing-up brings op­por­tu­ni­ties

China Daily (USA) - - NATION -

SHANG­HAI — The siz­zling beef steaks im­ported from France have been greatly wel­comed by cus­tomers in a Car­refour su­per­mar­ket in Shang­hai.

The su­per­mar­ket has placed a sec­ond or­der for the French steaks af­ter the prod­uct sold out in just a few weeks.

“This is a good start,” said Fanye Meng, chief rep­re­sen­ta­tive of Ina­porc & In­ter­bev China, an as­so­ci­a­tion aimed at help­ing more French meat com­pa­nies de­velop busi­ness in China.

China has stepped up its open­ing-up for im­ports since the first China In­ter­na­tional Im­port Expo in early Novem­ber. Deals for in­tended pur­chases of goods and ser­vices worth a to­tal of $57.8 bil­lion ($8.4 bil­lion) were reached at the first CIIE.

Cur­rently, about 100 com­pa­nies have signed up for the sec­ond expo, ac­cord­ing to the CIIE Bureau.

In the next 15 years, China ex­pects to im­port goods worth $30 tril­lion and ser­vices worth $10 tril­lion.

At­tracted by Shang­hai’s in­vest­ment poli­cies, open busi­ness en­vi­ron­ment and abun­dant tal­ent, US engi­neer­ing firm AE­COM set up its Chi­nese man­age­ment head­quar­ters in Shang­hai just one month af­ter the CIIE.

“China’s busi­ness en­vi­ron­ment in terms of fi­nance, lo­gis­tics, com­mu­ni­ca­tion, ship­ping, and tech­no­log­i­cal in­no­va­tion is be­com­ing more and more promis­ing,” said Ian Chung, chief ex­ec­u­tive for China of AE­COM.

Chi­nese law­mak­ers have also called for swift adop­tion of a uni­fied for­eign in­vest­ment law to fur­ther open the coun­try.

Dur­ing the week­long bi­monthly ses­sion, which closed on Sat­ur­day, the Na­tional Peo­ple’s Congress Stand­ing Com­mit­tee de­lib­er­ated on a num­ber of newly sub­mit­ted drafts, in­clud­ing a draft for­eign in­vest­ment law.

China’s busi­ness en­vi­ron­ment in terms of fi­nance, lo­gis­tics, com­mu­ni­ca­tion ... is be­com­ing more and more promis­ing Ian Chung, chief ex­ec­u­tive for China of AE­COM

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