China Welcomes More Foreign Investment
2005/00/31

Chinese Vice Premier Huang Ju said that foreign businesses are welcomed to continue their participation in China's growth and development.

He made the comment in Zurich, Switzerland on Sunday.

The Chinese government would provide vigorous support for foreign businesses, including those from Switzerland, to invest in China's infrastructure and high-tech industries, the vice premier said during his visits to ABB Group and the Union Bank of Switzerland (UBS).

The ABB is one of the world's biggest manufacturers of power and automation equipment while the UBS is one of the world's leading financial firms.

Huang, who is also a Standing Committee member of the Political Bureau of the Chinese Communist Party Central Committee, stressed that there is no fundamental change in China's policy to encourage and promote foreign investment.

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