11/12 October 2001 - Xi'an, China
This conference was organised in co-operation with the Chinese Ministry of Foreign Trade and Economic Co-operation [ http://www.moftec.gov.cn/moftec_en/] as part of the ongoing OECD-China policy dialogue and co-operation on investment issues.
China is a country where regional development is of a foremost priority given that rural regions are inhabited more than 900 million people, two-thirds of the population. Since the launch of the economic reforms in 1978, China's dominant development policies have gradually shifted from being based on self-reliance to being based on comparative advantage and an open door policy.
A large amount of existing FDI has been located in China's relatively prosperous coastal regions, without any significant catching up by the interior central and western regions. Chinese leadership is keen on redressing this growing imbalance in regional distribution of FDI. The new "Great Western Development" or "Go West" Campaign, launched last year and embodied in the next five-year plan (2001-2005), is an ambitious top-down effort to steer state investment, outside expertise, foreign loans and private capital into the parts of China most in need but least likely to attract aid on their own.
The two-day discussions covered the following topics:
The conference brought together representatives of the OECD Member countries, non-Members, China's central and provincial government officials and experts from China, other multilateral/bilateral organisations that provide assistance and loans for regional development projects in China including the World Bank, the Asian Development Bank, as well as the European Commission, UNCTAD, and private sector representatives including interested members of the Business and Industry Advisory Committee to the OECD.