CHINA TO PUSH FOR FDI IN CENTRAL AND WESTERN REGIONS

BEIJING – China’s National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC), have released a guideline to promote FDI into environment-friendly and labour-intensive industries in the nation’s Central and Western Provinces. The country aims for more FDI in agricultural and mining products, such as zinc and tin in Guangxi. Utilised foreign capital in central and western regions reached US$19.21 billion, up 36.7% from 2008, representing an increase of 4.2% of the national total in 2012, up 17.2% over the same time period.