Chile seeks investments from China

December 29th, 2011 - 10:53 am ICT by IANS  

Santiago, Dec 29 (IANS) Chile is seeking foreign investments from China and other Asian countries, Xinhua has reported.

The government has introduced sufficient strategies in respect of China and other Asian regions since one-and-a-half-years ago, including promotional investment materials printed in English and Mandarin Chinese, said Matias Mori, vice executive president of the country’s Foreign Investments Committee, Wednesday.

Chile officials also worked with the Chinese embassy and travelled several times to China, Mori said, adding he believed “confidence in Chinese culture is essential to making business”.

“Chinese investors are interested in capital-intensive projects,” he said.

Mori said that amid current international economic instability, Chile is seen by foreign investors as a reliable destination as it has been historically.

“Studies from the United Nations and financial organisations say we are in a very good position now and during the coming years, and foreign investment should increase,” Mori said.

“Chile is a mining country, so that sector will always receive larger investment flow,” he said.

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