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China is dedicated to creating a "more open and optimized" investment environment for foreign businesses, and will strive to remain the world's most attractive destination for foreign direct investment (FDI), Vice-President Xi Jinping said on Tuesday.

Xi made the remarks, which were welcomed by global trade officials, at the opening ceremony of the United Nations Conference on Trade and Develo
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More steps on cards to boost foreign investment, says commerce minister

The trade surplus for the full year will continue to narrow on the back of steps taken by the government to boost domestic demand and imports, Minister of Commerce Chen Deming said on Tuesday.
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CHINESE Vice President Xi Jinping said today China is taking vigorous steps to create a more open and optimal investment environment for foreign-invested enterprises.

Xi made the remarks while attending the opening ceremony of the 2nd World Investment Forum (WIF) in Xiamen City in southeast China's Fujian Province.

With the theme "Investment for Sustainable Development," the three-day forum
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China will "vigorously" expand its imports of key products as the nation strives to cut its trade surplus amid growing protectionism against the world's largest exporter, a senior Chinese trade official said on Monday.

"We will especially encourage imports of products the nation is short of, especially advanced technology and key equipment," said Chong Quan, China's deputy international trade
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Most Chinese think of the needs of their families when buying things, a study report by Synovate released on Wednesday showed.

The study, named Media Atlas China, found that some 77 percent of respondents in the Tier 1 cities strongly agree or agree that they usually think about the needs of their families when buying things. Synovate surveyed 68,000 consumers across 66 cities and rural areas
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THE top 500 Chinese enterprises racked up 27.6 trillion yuan (US$4.05 trillion) in revenue in 2009, or 82 percent of China's gross domestic product, according to a report by the China Enterprise Confederation and China Enterprise Directors Association.

The report, issued on Saturday at a forum in Hefei, capital of east China's Anhui Province, said the enterprises outperformed their worldwide c
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RBS: Downside risks may appear in 2011 as external demand weakens

The Chinese economy will start to stabilize in the fourth quarter after the recent marked slowdown due to government tightening measures, but it might face downside risks next year as external demand weakens, a senior economist with the Royal Bank of Scotland (RBS) said on Wednesday.

"The ratio between new orders and f
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You don't have to spend long listening to Chinese officials talk about economic policy before certain themes start cropping up. The government wants to sustain rapid growth this year and next, we are told. It is trying to rein in policy-directed lending and the associated risks to banks. And it is determined to engineer a more sustainable form of growth that delivers greater benefits to workers.
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