The executive meeting of the State Council held on a certain day reviewed and approved the "Action Plan for Stabilizing Foreign Investment for the Year." The meeting pointed out that foreign-invested enterprises play an important role in absorbing employment, stabilizing exports, and promoting industrial upgrading. More practical and effective measures should be taken to stabilize the existing stock and expand the increment. In the year, the actual use of foreign capital in China was . billion yuan, a year-on-year decrease of .%; at the same time, newly established foreign-invested enterprises numbered , a year-on-year increase of .%.

Zhao Fujun, Director of the Comprehensive Research Office of the Foreign Economic Research Department at the Development Research Center of the State Council, stated that against the backdrop of sluggish global cross-border investment and intensified international competition for attracting investment, China faces a relatively severe and complex situation in attracting foreign investment. The meeting made further arrangements to stabilize foreign investment, reviewed and approved an action plan to stabilize foreign investment, sending a clear signal of multiple measures to stabilize foreign investment.

The meeting proposed to expand independent opening-up in an orderly manner, deepen pilot opening-up in related fields, implement the comprehensive removal of foreign investment access restrictions in the manufacturing sector, optimize the national comprehensive pilot demonstration for expanding the opening-up of the service industry, and broaden the scope of industries encouraged for foreign investment. Li Yongshu, Deputy International Trade Representative of the Ministry of Commerce, has previously stated publicly that steady progress should be made in expanding the opening-up of the service industry, especially in promoting pilot opening-up in areas such as telecommunications, healthcare, and education; revising the "Catalogue of Industries Encouraged for Foreign Investment" to enhance the attractiveness of investment policies.

Zhao Fujun stated that since the beginning of the year, China has successively introduced measures to expand independent openness in fields such as value-added telecommunications and healthcare. The country has completely abolished foreign investment access restrictions in the manufacturing sector, reducing the number of nationwide foreign investment access restrictions from a certain number to a smaller number. These measures align with the economic development situation and industrial development trends. By promoting the implementation of relevant openness measures and optimizing pilot demonstrations, these actions will play a role in attracting high-quality foreign investment.

The meeting also proposed to continuously build the "Invest in China" brand, increase support for reinvestment by foreign enterprises within the country, encourage foreign investment in equity investment in China, and optimize the rules and procedures for foreign mergers and acquisitions. The Ministry of Commerce stated that building the "Invest in China" brand is an important measure to innovate investment attraction methods and broaden investment channels. The Ministry of Commerce plans to use landmark exhibitions, key events, and major platforms to interpret and analyze the comprehensive advantages of the Chinese economy to foreign investors, and to introduce more high-quality foreign investment projects.

The meeting emphasized the need to treat domestic and foreign enterprises equally in government procurement and other areas, to broaden financing channels for foreign enterprises, and to strengthen the protection of intellectual property rights. It also called for improved service guarantees for foreign investment projects, providing more convenience for foreign enterprise personnel in terms of entry and exit, and residence. Pan Yuanyuan, an associate researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, stated that the meeting put forward clear requirements in areas of high concern to foreign businesses, such as government procurement, intellectual property protection, and entry and exit. This is conducive to solving the difficulties and blockages in foreign investment in China, strengthening related service guarantees, further optimizing the business environment, and providing a "reassurance" for the development of foreign enterprises in China.

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Author: Emma

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

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