China Economy Weekly: "Open to Foreign Firms" and Imports, Agreement with Taiwan, Inflation at 22-Month High

China "Open to Foreign Firms": Vice President Xi Jinping has said that China is taking vigorous steps to create a more open, optimal environment for foreign enterprises.

Xi made the remarks at the opening ceremony of the 2nd World Investment Forum  in Xiamen City in southeast China's Fujian Province.

 Foreign direct investment this year is set to "surpass $100 billion", compared to $90 billion dollars last year, an official with China's Ministry of Commerce said on Sunday.

Moving in the other direction, China is now fifth in outbound direct investment with a total volume of $56.5 billion, compared to a ranking of 12th in 2008.

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