Open the door and open the door again to increase confidence in foreign investment in China

2023-03-17

The government work report has identified "greater efforts to attract and utilize foreign capital" as one of the eight key tasks of this year, and has deployed a series of measures, proposing that "an open Chinese market will definitely provide more opportunities for the development of enterprises from various countries in China." The reporter learned that the Ministry of Commerce, the National Development and Reform Commission, and other departments are currently deploying relevant measures, ranging from relaxing market access in more fields, innovative investment promotion measures Promote the integration of rules and regulations, and provide more opportunities for foreign businesses to develop in China. In an interview with reporters, a number of foreign-funded enterprises stated that China has characteristics such as large market potential, strong economic resilience, and strong investment attraction, further consolidating its determination and confidence to develop in China and will continue to deeply explore the Chinese market. The central and local governments have jointly deployed measures to attract foreign investment and carried out a series of investment promotion activities for the "Year of Investing in China". With the theme of "Investing in China and Creating an Open and Prosperous Future", they have coordinated resources from all parties to promote the normalization, serialization, and diversification of investment promotion. The core is to establish platforms, smooth channels, and precise docking, fully displaying investment opportunities across the country and local areas, "Shine the gold-lettered signboard of" Investing in China "... At the press conference held by the Ministry of Commerce on the 16th, the spokesman of the Ministry of Commerce, Shu Jueting, said in response to reporters' questions.". Shu Jueting introduced that the "Year of Investment in China" series of investment promotion activities is an important measure taken by the Ministry of Commerce to implement the decision and deployment of the Party Central Committee and the State Council on "greater efforts to attract and utilize foreign capital". The activity runs throughout the year, covering the eastern, central, and western regions. The reporter learned that the Ministry of Commerce will organize relevant localities and enterprises to carry out special promotions overseas, in combination with local industrial development and investment promotion needs, to better play the role of business institutions and investment promotion institutions stationed abroad, to bridge the gap and support local "going global" to carry out accurate investment promotion; At the same time, it pays attention to "inviting in", highlighting local characteristics and enhancing mutual understanding by holding special promotions, "local trips of multinational companies", "entering the Expo into local areas" and other activities in relevant provinces. In addition to investment promotion activities, the Ministry of Commerce, the National Development and Reform Commission and other departments have also stated that they will launch more measures to expand opening up within the year, including orderly promotion of opening up in areas such as telecommunications, the Internet, education, culture, and medical treatment; Guide foreign capital to invest more in advanced manufacturing, modern service industry, high-tech, energy conservation and environmental protection, and other fields; Continue to clean up restrictions beyond the negative list of foreign investment access. Local governments have also increased their efforts to attract investment. For example, Guangdong proposes to support qualified foreign-funded enterprises, research and development centers, etc. to handle tax exemption procedures; Many places such as Sichuan and Liaoning have proposed to increase incentives for introducing foreign capital; Jiangsu, Zhejiang and other places have already organized investment promotion in Europe and other places. It is worth noting that more long-term opening up benefits continue to be released. The government work report proposes opening measures such as "actively comparing relevant rules, regulations, management, and standards to steadily expand institutional openness", "optimizing the layout of regional opening up, implementing the promotion strategy of free trade pilot zones, and giving full play to the pioneering role of open platforms such as Hainan Free Trade Port and various development zones.". In terms of implementation and deployment, the Ministry of Commerce stated that it would steadily expand institutional openness and strive to create marketization and the rule of law

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:Economic Information Daily

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