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| China's WTO Entry to Benefit Foreign Investors: U.S. Business Leader |
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SAT, SEP 08, 2001
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Chairman of the U.S. Chamber of Commerce Steve Van Andel said in the eastern coastal city of Xiamen, Fujian Province Friday that China's forthcoming entry into the World Trade Organization (WTO) would help improve the confidence of U.S. companies which have an interest in investing in the city.
When interviewed by Chinese reporters, Andel, who is attending the Fifth China International Fair for Investment and Trade (CIFIT) hosted by Xiamen, said that China's entry into the WTO will ensure its adherence to the market economy.
Therefore, foreign investors will more willingly pour money into the country, he said.
Andel, also chairman of the board of Amway of the United States, said that his company has achieved remarkable profits in the Chinese market over the past six years.
China is the fourth-biggest trade partner of the United States and the United States is China's second-biggest. A healthy bilateral trade relationship between the two countries helps stabilize the world economy, he said.
Andel said that he plans to encourage more U.S. companies to invest in China.
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