China remains hot spot for foreign investment
China remains popular destination for foreign investors despite slower global economic growth. The ongoing 12th Investment and Trade Forum for Cooperation between East and West China has attracted more than 4,000 investors from over 56 countries and regions, which is the convincing evidence.
Lemna Corp, the world’s leading environmental protection facility provider, announced the opening of its joint venture with ZTE, China’s telecom manufacturer, in Xi’an Hi-Tech Industrial Development Zone.
It has an initial investment of up to RMB 60 million (US$8.58 million). Director of the joint venture said it was in line with the company’s global strategy to invest in China’s environmental facilities, especially in the western region and the company would not drop its strategic plan in China, despite the slower global economic growth.
At present, China and the global economy are facing more uncertainties than ever as a slowdown in the U.S. economy had dampened demands for Chinese exports while inflation pressure domestically had worsened. Soaring global energy costs have also added more pressure for further rise in prices.
Tags: export, exports, investment