ABSTRACT
Foreign investment was selectively introduced into mining. The service industry was also gradually opened to foreign investment in an orderly fashion. In the area of tourism and water transportation, foreign investment was actively courted. Pilot projects were expanded for foreign investment in domestic commerce, foreign trade, and tourist agencies. Private enterprises were permitted to utilize foreign investment for their development. Pilot projects for foreign investment were introduced by transferring the operation rights and profit rights in a regulated and orderly manner. In global foreign direct investment, developed countries are the main sources of funds. For investment recipient countries, their ability to attract foreign investment is established by the degree of advantages of the industries and their production processes. In order to ensure the 8% GDP growth target, the central government has decided to expand domestic demand and investment.
