Beijing boosts foreign investment via business environment optimization
3 months, 3 weeks ago

Beijing boosts foreign investment via business environment optimization

China Daily  

The skyline of Beijing. "Beijing has consistently prioritized improving its business environment as a crucial strategy to transform government functions, boost the vitality of enterprises, and strengthen the internal drivers of economic growth," Beijing's Deputy Mayor Sima Hong said. Tetsuro Homma, executive vice president of Panasonic Holdings Corporation and group chief executive for China & Northeast Asia, told Xinhua that since Panasonic established its joint venture in Beijing in 1987, the company has witnessed and benefited significantly from improvements in the city's business environment. Moreover, Beijing on Friday passed the newly revised regulation on optimizing its business environment, representing the capital's latest effort to promote further opening up and boost its appeal to global investors. "The revision of the regulation demonstrates the municipal government's strong commitment to enhancing the business environment and supporting enterprise development in the city -- which reinforces our confidence in growing in Beijing," said Yu Feng, president of Honeywell China, adding that the company will expand its investment in the capital.

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