The World Bank has called on the Chinese government to use foreign direct investment to restructure its economy and promote even development.
A new World Bank report says the government should raise the education level of its labor force, better protect intellectual property rights and help business research and development to boost the development of the service and high-tech sectors.
In a report on foreign direct investment (FDI), the World Bank said the government's policies of encouraging FDI inflows should be consistent with its policies of building a "harmonious society" across the country.
As China strove for more balanced development, more FDI should be directed to inland regions, domestically-oriented industries and the high-tech sector, said World Bank economist Zhao Min.
China will receive 75 billion U.S. dollars of FDI from 2006 to 2010, accounting for 30 percent of the total inflow to developing countries, said the report.
Over the last decade, 25 percent of the FDI to the developing countries went to China due to its good investment environment, low wages and booming market, said the report.
Source: Xinhua
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