Pacific partners through bilateral interaction and regional fora. President Jiang Zemin's visit to Seattle for the Asia-Pacific Economic Cooperation (APEC) summit was a historical moment which bodes well for China's future relations in the region. China is currently working hard to provide more favorable conditions for attracting DFI. The Pudong New Area in Shanghai should be the focal point for China's utilization of foreign capital in the 1990s. From 1992 to 1995, the government is planning to invest about US$ 3.7 billion in the construction of bridges, deepwater port facilities, industrial parks, and Chinas first free-trade zone. The right to approve DFI projects will be transferred to lower government levels. Additional industries, such as trade, insurance, finance, sea transportation, and aviation, will be open to DFI. More preferential policies will be given to DFI in large- and medium-sized enterprises and high-tech industries; the local markets will be further opened to such investment.
ADI in China is still limited and does not suit the economic scale, economic development, population, resources, or market potentials of the two countries. Driven by profit and the potential of the Chinese market, more ADI will flow to China. ADI is likely to play an even more important role in the development of China's economy during the 1990s. However, influenced by SinoU.S. relations, bilateral economic and trade relations still have difficulties. It is expected that the future improvement of SinoU.S. political relations will undoubtedly promote the development of bilateral economic and trade relations and play an active role in the development of ADI in China. In fact, this mutually beneficial pattern is the common understanding of both Chinese and American scholars and societies.