March 7, 1987

Moves aim to attract foreign investment

China is launching a four-pronged effort to improve the investment environment for overseas businesses in the country, the Ministry of Foreign Economic Relations and Trade said in Beijing yesterday.

The move reflects the State's determination to expand greatly the utilization of foreign funds.

The effort will include the improvement of legislation, close guidance of investment direction, the holding of more international investment seminars and new measures to facilitate the operation of foreign-funded enterprises.

More legislative measures will soon be worked out as supplements to the "22 Articles" and eight detailed regulations issued earlier.