OECD Investment Policy Reviews China Progress and Reform Challenges: Preface to China's Evolving FDI Policy Framework

Foreign investment absorption is a key component of China's basic state policy of opening to the outside world. During its nearly twenty‐five‐year‐long reform and opening up, China has steadfastly adhered to its opening‐up policy, vigorously developed foreign trade and actively absorbed foreign investment, having made world‐renowned achievements. After being the largest FDI (foreign direct investment) recipient among all the developing countries for nine consecutive years since 1993, China ranked the first in the world in terms of FDI inflow in 2002. By the end of April 2003, 436 394 foreigninvested enterprises had been established in China, with actually utilized foreign investment of over US$460 billion. Investors come from over 180 countries and regions. Over 400 multinational companies out of the world's top 500 have made investment to establish their operations in China...