Tue, Apr 09, 2013 - Page 15 News List

Foreign investors urge Xi to cut red tape

APPROACHABLE:The Chinese president’s meeting with foreign executives showed his intention of employing a more direct, plain-speaking style than his predecessors

AP, BOAO, China

The chairman of Thailand-based agribusiness Charoen Pokphand Group urged better financing and tax incentives for private businesses. The head of Japan’s shipping and logistic company, Nippon Yusen Kabushiki Kaisha (NYK) elliptically referred to the bitter dispute between Beijing and Tokyo over East China Sea islands and the spillover it had on Japanese businesses, which saw imports and sales in China plummet last year.

NYK chairman Koji Miyahara spoke of the “unpleasant episodes” last year.

“We need to forge closer relations,” he said.

Xi did not respond directly, though in closing out the meeting he offered the prospects of continued money-making for all the foreign business executives.

“I wish you every success in your business and a big fortune in China,” Xi said.

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