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Text of report by official Chinese news agency Xinhua (New China News Agency)
[Article by Xinhua reporter Wang Xi: "State Council Executive Meeting Sets Tone for Foreign Investment Work in 2010"]
Beijing, 30 Dec (Xinhua) - News Analysis: Optimize the Structure, Raise the Level -State Council Executive Meeting Sets Tone for Foreign Investment Work in 2010
The financial crisis that swept across the whole world is profoundly changing the direction in which global funds are flowing and how much. How to take advantage of the opportunity created by the crisis to continuously improve the quality and level of China's foreign capital utilization and promote steady and rapid economic development is a new topic facing China as it opens up to the outside world. A State Council executive meeting held on 30 December made clear arrangements for the next phase of foreign capital utilization work.
(Subheading) Reversing the Persistent Decline in Foreign Investment
Foreign capital utilization is an important part of the basic national policy of opening up and is intimately tied to the healthy development of foreign trade. Presently over half of China's exports are …