- CNTV English - CCTV News

Untrue to say China's investment environment worsening: Wen

07-18-2010 13:07 BJT

Watch Video

Play Video

Premier Wen Jiabao says it's untrue to say the investment environment in China is worsening. The Premier made the comment as he invited more foreign companies to invest in the country.

On Saturday, Wen Jiabao and visiting German Chancellor Angela Merkel met the heads of prestigious German and Chinese companies in the northwestern city of Xi'an.

The World Bank in a July report gave China a low investment environment ranking.

But Premier Wen Jiabao says it's not true that China's investment environment is worsening.

Chinese Premier Wen Jiabao and German Chancellor Angela Merkel visit Siemens Signalling Company Ltd, in Xi'an, northwest China's Shaanxi Province, July 17, 2010.(Xinhua/Jiao Weiping) 
Chinese Premier Wen Jiabao and German Chancellor Angela Merkel visit Siemens Signalling
Company Ltd, in Xi'an, northwest China's Shaanxi Province, July 17, 2010.
(Xinhua/Jiao Weiping)

The amount of foreign direct investment that flowed into China in the first half of the year rose nearly 20 percent. The Chinese Premier says foreign money would not pour into the country if its business environment was worsening. On the contrary, he says China has relatively good infrastructure as well as fair and stable market environment.

Wen says China welcomes foreign companies which meet China's industrial policies, and will provide them national treatment as Chinese companies receive. Wen Jibao also promises that China would never block the export of rare earth minerals, a question raised by Germany.

This trade seminar follows China and Germany's signing of deals involving green energy, culture and a joint venture producing trucks.

After the seminar, Wen Jiabao and German Chancellor Angela Merkel visited a China-German joint venture, Siemens Signaling Company.

Editor:Du Xiaodan |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program