Press Release: Mandelson urges action to reverse sliding EU investment in China

EU Trade commissioner Peter Mandelson urged China to act to reverse sliding EU investment rates in China. Noting that EU investment rates in China had been falling since 2005 and that Russia and India had both attracted more EU investment than China, Mandelson said China was facing 'tough competition for the world's most productive investment'. He urged Chinese authorities to tackle 'outdated and unnecessary' restrictions on EU direct investment. Mandelson argued that the EU and China should aim to create an open investment market in green technologies and to use their joint weight to shape the global investment environment that would emerge from the current banking crisis.

European Commission: SPEECH/08/463: Remaking the case for foreign investment http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/08/463&format=HTML&aged=0&language=EN&guiLanguage=en

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