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Beijing Rebuts Deterioration of the Investment Environment in China

Beijing has made high profile efforts to defuse concerns about the deterioration of the investment environment in China. In July, when meeting with German Chancellor Merkel in Xi’an, Premier Wen Jiaobao said, “There is a view that China’s investment environment has been worse. I think this is not true.” On July 26, Commerce Minister Chen Deming wrote in an opinion piece in Financial Times that “In fact, China will open wider in the future.”
A report issued by the World Bank in July, "Investing Across Borders 2010," states that China is one of the regions that has the most constraint on foreign direct investment. As many as 18 procedures and a time span of 99 days are needed in order to launch a foreign business in Shanghai, slower than both the regional average for East Asia and the Pacific and the global average.
World Bank,
China News Service, September 5, 2010
Financial Times