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BEIJING, July 3 (Xinhua) -- China on Tuesday pledged to help private companies invest abroad while guiding and regulating their investment activities.
The country will strengthen macro guidance on private companies' overseas investment and help them invest in a step-by-step and focused manner, according to a statement jointly1 issued by 13 central government departments, including the Ministry2 of Commerce and the People's Bank of China.
The nation will increase financial support to private companies and simplify customs clearance3 procedures, the statement said.
Private companies which have invested abroad are asked to abide4 by local laws and regulations, respect local social customs, protect the interests of their employees, fulfill5 social responsibility, according to the statement.
These companies are also encouraged to strengthen coordination6 and cooperation among each other to prevent disorderly and "malignant7" competition.
The statement asked relevant departments to make full use of multilateral high-level exchanges and consultation8 mechanisms9 as well as trade pacts10 to create a favorable and stable overseas investment environment for private companies.
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1 jointly | |
ad.联合地,共同地 | |
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2 ministry | |
n.(政府的)部;牧师 | |
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3 clearance | |
n.净空;许可(证);清算;清除,清理 | |
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4 abide | |
vi.遵守;坚持;vt.忍受 | |
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5 fulfill | |
vt.履行,实现,完成;满足,使满意 | |
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6 coordination | |
n.协调,协作 | |
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7 malignant | |
adj.恶性的,致命的;恶意的,恶毒的 | |
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8 consultation | |
n.咨询;商量;商议;会议 | |
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9 mechanisms | |
n.机械( mechanism的名词复数 );机械装置;[生物学] 机制;机械作用 | |
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10 pacts | |
条约( pact的名词复数 ); 协定; 公约 | |
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