Chinese regions to attract more FDI

%3CP%3E%3CFONT%20face%3DVerdana%3ELess%20developed%20central%20and%20western%20regions%20of%20China%20will%20look%20to%20benefit%20from%20more%20foreign%20direct%20investment%20%28FDI%29%2C%20according%20to%20a%20guideline%20released%20Thursday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20guideline%2C%20issued%20by%20the%20National%20Development%20and%20Reform%20Commission%20%28NDRC%29%20and%20the%20Ministry%20of%20Commerce%20%28MOC%29%2C%20encourages%20FDI%20into%20environment-friendly%20and%20labor-intensive%20industries%20in%20the%20two%20regions%2C%20so%20as%20to%20better%20utilize%20resources%20and%20improve%20services.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20country%20aims%20for%20more%20FDI%20in%20agricultural%20and%20mining%20products%20like%20zinc%2C%20tin%20and%20stibium%20in%20Guangxi%20Zhuang%20Autonomous%20Region%2C%20the%20guideline%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20manufacturing%20sector%20and%20service%20industry%20will%20also%20look%20to%20attract%20foreign%20capital%2C%20especially%20pillar%20enterprizes%20that%20are%20leading%20local%20economic%20growth%20like%20home%20appliance%20manufacturing%20in%20Sichuan%20Province.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20a%20revision%20from%20an%20article%20about%20the%20automobile%20industry%20in%20its%20former%20guideline%2C%20the%20NDRC%20and%20MOC%20now%20encourages%20FDI%20injection%20into%20the%20sector%20in%20western%20regions.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20new%20guideline%20clearly%20prohibits%20the%20expansion%20of%20enterprises%20with%20inefficient%20capacity%20or%20those%20with%20large%20energy%20consumption%20and%20emissions.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20guideline%20covers%2022%20provinces%2C%20municipalities%20and%20autonomous%20regions%20with%20500%20detailed%20articles%2C%20which%20will%20be%20effective%20from%20June%2010.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EUtilized%20foreign%20capital%20in%20central%20and%20western%20regions%20reached%2019.21%20billion%20U.S.%20dollars%2C%20or%2017.2%20percent%20of%20the%20country%27s%20total%20in%202012%2C%20up%2036.7%20percent%20and%204.2%20percentage%20points%20from%202008%2C%20respectively.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20the%20first%20four%20months%20of%202013%2C%20FDI%20inflow%20to%20China%2C%20which%20excludes%20those%20to%20the%20financial%20sector%2C%20grew%201.21%20percent%20year%20on%20year%20to%2038.34%20billion%20U.S.%20dollars%2C%20according%20to%20the%20MOC%20data.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28Xinhua%20net%29%3CBR%3E%3C/FONT%3E%3C/P%3E