Chinese Premier Wen Jiabao Wednesday said China is committed to building an open and fair business environment for foreign investors.

"All enterprises registered in China according to Chinese laws are Chinese enterprises. Their products are made-in-China products," Wen said in a speech at the opening ceremony of Summer Davos 2010 in Tianjin.

A perception that China's investment environment is worsening has recently been causing concern among foreign investors. But the Chinese government has repeatedly reassured foreign companies that it is committed to an open and transparent business climate.

Wen admitted that foreign companies' concerns regarding the business environment are not entirely based on misunderstandings. He said there are still problems regarding unclear government policies on innovation, intellectual property rights, and government procurement.

But China is committed to treating all foreign invested companies as equals and will continue to improve its legal and regulatory framework to ensure a fair environment, Wen said.

China is currently the most popular destination for foreign direct investment (FDI) in the world. During the first seven months of 2010, FDI inflows into China surged by 20.7 percent to US$58.4 billion.

Profile of the Summer Davos

The Summer Davos, officially known as the Annual Meeting of the New Champions, is the foremost global business gathering in Asia. Established in 2007, the meeting is hosted in partnership with the Chinese government. Over 1,500 participants from 85 countries will take part the meeting in Tianjin September 13– 15.

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