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    Chinese parts and components industry for multinational companies to provide better space for development

    "World economic and financial situation of rapid changes in China's economic development will undoubtedly cause some difficulty, but China still have to maintain a steady and relatively fast economic growth advantage." Chen Jian, Chinese and foreign multinational companies in the second session of the CEO Roundtable, said. He said that as a result of the financial crisis are still developing, and the confidence of global investors in the short term can not be completely restored in 2008 is expected to the world's foreign direct investment flows will be reduced by 10% -30%, but the medium to long term, the general trend of globalization will not be reversed, Multinational corporations will continue the process of internationalization.

           The latest Commerce Department data show that in October this year, China's actually utilized foreign investment 81,096,000,000 U.S. dollars, up 35.06 percent, an increase over the previous September slowed down 3.84 percentage points. Of the month in October, China's actually utilized foreign investment 6,722,000,000 U.S. dollars, up 2.02 percent drop this year in the first month of negative growth.

           Chen said that although the financial crisis on multinational investment cooperation difficult, but at the same time will also speed up the auto finance industry, such as the reconstruction may create new investment opportunities, the birth of more large-scale cross-border mergers and acquisitions.

           He stressed that China has 1.3 billion people, more than 200 cities in more than a million population, a huge domestic market potential, business environment continues to improve, most countries in the world and China have maintained good bilateral relations and economic and trade relations, political stability, social order Good, hard-working Chinese labor force, well-trained, complete industrial chain, raw materials, parts and components fully support, logistics, communication, environment and other infrastructure facilities. UNCTAD's survey showed that over the next two years China is still the most popular investment destination for multinational corporations.

           He expressed the hope that multinational corporations can play a further role model, more concerned about the economical use of resources, environmental protection, labor rights protection, and better fulfill corporate social responsibility for the sustainable development of Chinese society's greater contribution to the force.


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