China Financial Daily

Vice Governor of Guangdong Province, Qing-liang million: year-on-year decline in foreign investment in Guangdong
Vice Governor of Guangdong Province Wan-qing Liang in Beijing yesterday to attend the world summit at the Forum think-tank “to promote trade liberalization and investment facilitation,” that the year-on-year decline in foreign investment in Guangdong, in the past 30 years of preferential policies to attract foreign capital no longer exists. Wan Qing-liang said that the international financial crisis, in 2008, Guangdong to attract foreign capital fell 15.6% in the month of the year 1-5, but also a significant 56.7 percent decline. Guangdong, there are several issues to attract foreign capital, a financial crisis that led to the scale of cross-border direct investment dropped sharply, and the second is between countries, between regions, attracting foreign investment is becoming more competitive, the third over the past 30 years the policy of attracting foreign investment discount no longer exists, the fourth is land, labor and resources, such as low-cost competitive advantage is also no longer exists, the fifth is the economic development of Guangdong extensive way, the extensive mode of investment, as well as extensive distribution of the industry there is no fundamental change.

Wan Qing-liang said that, in the face of many negative factors, Guangdong will further improve the foreign investment policy system, promoting a new innovation, determination to expand foreign investment, every effort to stabilize the total stock of inventory, and optimize the incremental, continuous to improve the quality of foreign investment.

Deputy Minister of Environmental Protection: Central 4 trillion in new investment in industrial projects, none of
China’s Zhang Lijun, vice minister of the Department of Environmental Protection In today’s China, introduced in 2008 and the current state of the environment such as the environmental situation of the press conference that the central authorities do not have a 4 trillion of new investment in industrial projects.

He said that the Central Government for the expansion of domestic demand, economic growth, security arrangements for the 4000 billion investment, the main direction of these investments is the construction of infrastructure, ecological environment protection and people’s livelihood project. Investments in 4,000,000,000,000, no arrangements for a new industrial projects.

And environmental protection will also be in the second half of this year from the environmental protection funds to carry out inspection of four trillion. Center for environmental protection from six day-to-day supervision of the supervision and inspection of these projects shows that the arrangements now to expand domestic demand, the overall progress of the project is good.

Investment this year has issued more than the central 60%
Press 4 from the Ministry of Finance that, as of May 31, the central government has ordered the central government in 2009 public investment budget of 562 billion yuan, accounting for the full year budget of 908 billion yuan number of 61.9%.

These include: the protection of housing construction funds of 42.7 billion yuan; of rural infrastructure and livelihood projects in rural areas 138.1 billion yuan of funds; railway, highway, airport and port infrastructure and other major funds 163.5 billion yuan; medical and health education and other social and cultural construction 44.2 billion yuan of funds; energy-saving emission reduction and eco-building 27.8 billion yuan of funds; support enterprises in independent innovation, technological innovation and development of the service sector 41.2 billion yuan of funds; earthquake disaster recovery 84.8 billion reconstruction fund; public services and other infrastructure projects 19.7 billion of funds.