China is drawing up plans to deal with the "unprecedented challenges and difficulties in attracting foreign direct investment" that may allow foreign companies to be publicly listed in China.
Few details have emerged and no timetable has been announced. However, Vice Minister of Commerce Chen Jian told a conference in Beijing this week that China will "research and roll out policies on domestic initial public offerings of foreign-funded firms to encourage high-quality overseas firms to become listed in China."
Total FDI in China declined 20.4 per cent year on year in the first five months of 2009, with the May FDI slump - down 17.8 per cent year on year - representing the eight successive monthly fall.
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