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ANNUAL INVESTMENT MEETING 2014, DUBAI LATEST PRESS RELEASE
China’s market is notably one of the most dynamic in the world. With its considerable growth, focus has switched from China as an inward FDI destination, to a source of outward FDI (OFDI).
Up until recently, investment from China has largely been focused in developing markets, but developed markets have increasingly more to gain from this relative newcomer.
Since the Chinese government launched the “go global” policy in 2001 to encourage Chinese companies to invest overseas, China has gone from being the world’s 32nd largest foreign investor, to the world’s 3rd largest, with US$ 84 billion invested in 2012. It seems as other economies were crushed by the economic crisis, China has proved to be one of the rare winners.
The upcoming Annual Investment Meeting (AIM) to be held 8-10 April in Dubai targets Foreign Direct Investment of emerging markets and will feature a special session on China’s FDI opportunities. With over 10,000 visitors expected from over 165 countries, the event will be an opportunity to shed light on maximizing investment partnerships.
Kai Hammerich, President of KA Foreign Investment Corporation and former President of Invest in Sweden Agency has been a pioneer in targeting Chinese investment into Sweden and opening the first European investment bureau in China. He worked with Chinese companies during their international expansion in Sweden. He understands what Chinese companies are looking for in host economies.
“The main concern for Chinese companies is gaining access to advanced technologies and know-how in host countries,” Mr Hammerich said.
“They are attracted to countries that are investment friendly, with low corporate tax rates and low red tape where they will have access to clusters and technology,” he said.
He warns that Chinese firms can face difficulties integrating into host countries.
“Chinese companies have a tendency to isolate themselves, their lack of experience in international operations means they want to do business the Chinese way. The problem is, this doesn’t always work in markets such as Europe and the US, and they really need to adjust their business operations to the host country”.
Dr. Karl Sauvant, Resident Senior Fellow at the Vale Columbia Center on Sustainable International Investment will also be a key speaker at the AIM event. He says developed countries have a number of concerns when it comes to Chinese investment.
“Chinese companies are predominately state-controlled, which suggests they are driven to fulfill strategic, rather than profit maximizing goals. On top of this, the economic crisis has led to a rise in FDI protectionism, discouraging OFDI from emerging markets such as China,” Dr. Sauvant said.
Mr Hammerich argues that countries need to cooperate to allow maximum FDI flows.
“FDI is a two-way street. If developed countries want access to the lucrative Chinese market, they need to allow China access to their market and vice versa”.
The AIM event in Dubai will be an opportunity to encourage good relationships amongst investors and governments, and will provide a platform for open dialogue to alleviate investment concerns.
Providing relief to even those property tax payers, who had not filed any writ petition the Bombay high court, in a further interim Order on 24th February 2014, has directed all property owners/tax-payers to go by the old regime and to pay 50%,
Thane guardian minister and MLA Ganesh Naik clarified at a press meet on Saturday in Vashi that the cluster development plan, approved by the state legislative assembly on Friday