Favorable policies to attract foreign investment and optimize the layout of manufacturing industry

2022-11-25

Policies and measures were introduced in many sectors to promote the attraction of foreign capital with the manufacturing industry as the focus; The new version of the Catalogue of Industries Encouraging Foreign Investment was released to continuously encourage foreign investment in manufacturing; Strengthen the service guarantee for major foreign investment projects in the manufacturing industry, and promote the implementation of relevant projects as soon as possible... The reporter of the Economic Reference News noted that recently, a series of support measures have been successively introduced to promote the high-quality development of the manufacturing industry by using foreign capital. Many large foreign-funded manufacturing projects are also accelerating construction. Foreign funded enterprises said they are optimistic about China's market potential and favorable policies. Experts predict that in the future, with the acceleration of the construction of a manufacturing power, China's advantages in absorbing foreign capital in the manufacturing sector will continue to highlight, and the structural layout will continue to be optimized. Focusing on the advantages of attracting foreign investment in the manufacturing industry, it has been introduced in recent years, and attracting foreign investment in the manufacturing industry has become the focus of policy support. At the press conference on November 24, the spokesman of the Ministry of Commerce, Shu Jueting, answered a question from the reporter of the Economic Information Daily and said that recently, with the consent of the State Council, the Ministry of Commerce, together with relevant departments, has issued several policies and measures to promote the expansion of foreign capital, stabilize the stock and improve the quality, with the focus on manufacturing industry (referred to as "Several Policies and Measures"), and the Catalogue of Industries Encouraging Foreign Investment (2022 Edition), The main purpose is to create a market-oriented, legalized and internationalized first-class business environment and better support multinational companies to invest in manufacturing in China. Among them, the Several Policies and Measures focus on attracting investment in the manufacturing industry and put forward 15 specific measures, including "implementing the national treatment after the admission of foreign capital with high standards", "providing high-quality financial services and financing support for foreign-funded enterprises" and "supporting the import and export of foreign-funded enterprises in the manufacturing industry". The new edition of the Encouragement Catalogue has 1474 entries in total, an increase of nearly 20% compared with the 2020 edition, and has added a number of high-tech manufacturing entries. The catalogue of advantageous industries in the central and western regions has also added some items related to processing trade, further strengthening the advantages of manufacturing industry in the central and western regions and northeast regions in attracting investment. Recently, the Ministry of Industry and Information Technology, the National Development and Reform Commission and the State owned Assets Supervision and Administration Commission of the State Council jointly issued the Notice on Consolidating the Upward Trend and Strengthening the Industrial Economy, which also proposed to strengthen the service guarantee for major foreign-funded projects in the manufacturing industry and promote the implementation of relevant projects as soon as possible. Shu Jueting said that it is of great significance to do a good job in introducing foreign capital into the manufacturing industry to promote the transformation and upgrading of China's manufacturing industry and better integrate into the global industrial chain supply chain system. The reporter learned that, in the next step, the Ministry of Commerce will promote local competent commercial departments to issue supporting implementation documents as soon as possible based on local conditions, to ensure the precise implementation of policies and measures, and enjoy all preferential policies. It will also give play to the role of special classes for key foreign investment projects of the foreign trade and foreign investment coordination mechanism, strengthen the coordination between departments, and provide better service guarantee for enterprises. We are optimistic that high-end projects in China's manufacturing industry have landed one after another. While the favorable policies continue to release, foreign investment projects in manufacturing industry have also landed, including major new construction, expansion and upgrading projects such as R&D and production bases. In Chengdu, the expansion project of Dezhou Instrument Manufacturing Base is under way, which is an end-to-end integrated manufacturing base integrating wafer manufacturing, packaging, testing, bump processing and wafer testing. The second packaging/testing plant in the base (C

Edit:wangwenting    Responsible editor:xiaomai

Source:xinhuanet

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