China includes Pakistan in investment guidebook

[LahoreEstate]

China includes Pakistan in investment guidebook



Sunday, April 12, 2009
BEIJING: China while unveiling an investment guidebook to help domestic firms make foreign investments has included in it the name of Pakistan also.

The first batch of the guide book released on Friday by the ministry of commerce covers 20 countries, such as Pakistan, Thailand, Malaysia and Japan.

The guidebook includes investment laws and regulations of the 20 countries and statistics about individual countries among other useful information such as advice on problems that firms may encounter.

The ministry said it would unveil more of the guidebook to cover as many as 160 countries and regions by the end of June, and it would update the guideline.

“It can be a good time now for Chinese firms to invest overseas,” said Li Ruogu, president of the Export-Import Bank of China (China Exim), “as banks have been instructed to support overseas mergers and acquisitions of Chinese firms.”

He said Chinese firms should increase their investment in developing countries such as Mongolia and those in Africa, Southeast Asia and Latin America. Li said such investment could be mutually beneficial for China and investment-receiving countries.

http://www.thenews.com.pk/daily_detail.asp?id=171958