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China's foreign investment environment is more fresh

June 20 2019

“The investment environment is like the air, and the air is fresh enough to attract more foreign investment. In the past, China’s attracting foreign investment mainly relied on preferential policies. Now it is more important to improve the investment environment.” This is the opening of President Xi Jinping’s opening ceremony at the Boao Forum for Asia last year. The keynote speech proposes to create a more attractive investment environment.

What is “one-in-one”?

In 2018, under the background of the slow recovery of cross-border investment in the world and the complex and ever-changing international trade relations, China’s use of foreign capital has reached a record high. The actual use of foreign direct investment in the whole year reached US$135 billion (excluding banking, securities and insurance). , an increase of 3%. At the same time, the newly established foreign-invested enterprises have grown by nearly 70%, and China continues to be a hot spot for cross-border investment.

Wang Fuwen, deputy minister of the Ministry of Commerce, pointed out that in order to change the high-quality development of China's economy, we must pay more attention to the market environment of fair competition and pay more attention to the optimization of the investment environment.

In his view, the implementation of the business filing and industrial and commercial registration of foreign-funded enterprises in the country "a set of forms, one-time handling" to simplify the establishment of foreign-funded enterprises is a key link in the introduction of foreign investment.

"One-time handling" can be summarized as "one open, two single". The so-called "one get through" is to "open up" the information system of the local business department, industry and commerce and market supervision departments, and realize data sharing between the two departments; "two singles" It means that a foreign-funded enterprise or a foreign investor fills in a “single form” online by logging in to the “single window” of the websites of the local industrial and commercial and market supervision departments, thereby realizing the simultaneous filing of business records and industrial and commercial registration procedures.

Through the implementation of “one-time handling”, foreign-funded enterprises can realize “no paper”, “zero-face” and “zero-charge” in the whole process. There is no need to run two departments, and there is no need to repeat the information, which greatly saves foreign investment. Time and labor costs for the business.

What is the effectiveness of the foreign investment environment improvement?

Relevant data shows that the optimization of my foreign investment environment has achieved good results. According to the data of the Ministry of Commerce, from January to April this year, 13,039 foreign-invested enterprises were newly established nationwide; the actual use of foreign capital was 30.52 billion yuan, a year-on-year increase of 6.4%. Among them, the actual use of foreign capital in April was 62.95 billion yuan, a year-on-year increase of 6.3%.

Among them, the actual use of foreign capital in electronics and communication equipment manufacturing, computer and office equipment manufacturing increased by 38.7% and 45.8%. The actual use of foreign capital in the high-tech service industry was 52.48 billion yuan, a year-on-year increase of 73.4%. Among them, information services, research and development and design services, and scientific and technological achievements transformation services increased by 57.4%, 49.1% and 96.3% respectively.

In addition, the absorption of foreign capital in the central and western regions and the Pilot Free Trade Zone has steadily increased. According to reports, the actual use of foreign capital in the central and western regions in the first four months was 22.07 billion yuan and 21.16 billion yuan respectively, a year-on-year increase of 4.5% and 9.6% respectively. The actual use of foreign investment in the Pilot Free Trade Zone increased by 11.8% year-on-year.