Foreign Investment Policy Interpretation was established in Beijing
- July 20, 2018
- Posted by: Yolandy
- Category: Business
On July 13, the China Association of Enterprises with Foreign Investment held a foreign policy interpretation meeting, and invited Ye Wei, deputy director of the Foreign Investment Department of the Ministry of Commerce, to exchange views with the member companies of the association on the latest foreign investment policy. The meeting was chaired by Cao Hongwei, the executive vice president. More than 80 member companies and more than 120 people participated in the conference, covering agriculture, food, medicine, chemicals, paper, electrical, energy, automotive, chip, finance and other fields.
According to the recently released “Special Management Measures for Foreign Investment Access in the Free Trade Zone (Negative List) (2018 Edition)”, “Special Management Measures for Foreign Investment Access (Negative List) (2018 Edition)” and other foreign policy documents, Ye Wei systemed to interpretate the investment liberalization, investment facilitation, investment promotion, investment protection, optimization of regional open layout, promotion of transformation and upgrading of State-level Development Zones and other six aspects of policy measures, timely and profound assistance to foreign-funded enterprises to understand and grasp China’s foreign investment policies.
Ye Wei also introduced the situation of attracting foreign investment in the first half of this year. From January to June, there were 29,591 newly established Foreign-funded Enterprises nationwide, a year-on-year increase of 96.6%. The actual use of foreign capital was equivalent to US$68.32 billion, a year-on-year increase of 4.1%. In the Pilot Free Trade Zone, 4,281 Foreign-funded Enterprises were newly established, and the actual use of foreign capital was 57.84 billion yuan, a year-on-year increase of 32.6%, leading the growth of foreign investment in the country. The actual use of foreign capital in the manufacturing industry was 134.83 billion yuan, a year-on-year increase of 4.9%, accounting for 30.2%. The actual investment capital from the United States, Singapore, South Korea, the United Kingdom, and Macao increased by 29.1%, 19.7%, 43.8%, 82.5%, and 78.7%, respectively. ASEAN grew by 24.4% year-on-year, and the “Belt and Road” countries increased by 24.9%. The above shows that the business environment in China continues to improve and foreign investment remains optimistic about China’s development prospects.
Then there was an exchange of interactions. Foreign-funded Enterprises have expressed their welcome to China’s new foreign investment policy and believe that China is still an ideal investment destination.