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The Ministry of Commerce and six other departments issued new measures to support foreign investment

Update time:2022/10/26 Number of page views: 591

近日,With the consent of The State Council,The National Development and Reform Commission, the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Natural Resources, the Ministry of Ecology and Environment, and the Ministry of Transport jointly issued the "Several Policy Measures on Promoting Incremental, Stable and Quality Improvement of Foreign Investment with a Focus on Manufacturing" (hereinafter referred to as "Several Policy Measures").,We will further increase efforts to attract investment in the manufacturing sector,We will work hard to solve prominent problems faced by foreign-invested enterprises,We will comprehensively strengthen foreign investment promotion and services,We will promote high-quality development through foreign investment。

The "Several Policies and Measures" implement the decision-making and deployment of the Party Central Committee and The State Council on stabilizing foreign investment, and clarify the direction and key tasks of China's work on utilizing foreign investment at present and in the future。

First, we will improve the investment environment and increase foreign investment。We will thoroughly implement the negative list for foreign investment access and translate the opening-up policy into tangible foreign investment projects as soon as possible。We will implement national treatment for foreign investment after market access to a high standard, and ensure that foreign-invested enterprises enjoy equal access to support policies in accordance with laws and regulations。We will promote the signing and landing of foreign-funded projects, and increase policy support and service guarantee for projects。We will strengthen the guarantee of land factors and ensure the reasonable demand for foreign-funded projects in the manufacturing industry。We will carry out a series of activities on international industrial investment cooperation, and strengthen dialogue and exchanges with foreign-invested enterprises, relevant chambers of commerce and international organizations。We will improve the effectiveness of the public service platform for international investment, and strengthen the functions of investment promotion services for key exhibitions。

Second, we will strengthen investment services and stabilize the stock of foreign investment。Facilitate the exchange of international business personnel, and use the "fast channel" for Chinese and foreign personnel exchanges。We will strengthen freight logistics to ensure smooth transportation of goods and products produced by foreign-invested enterprises。We will strengthen financial support for foreign-invested enterprises, and provide qualified foreign-invested enterprises with high-quality financial services and financing support in accordance with market-oriented principles。We will encourage foreign-invested enterprises to reinvest their profits and implement policies such as temporarily exempting withholding income tax from direct investment with distributed profits。Support the import and export of foreign-invested enterprises in manufacturing, and provide services and guidance for enterprises in trade clearance and other aspects。

Third, we will guide investment and improve the quality of foreign investment。We will improve the structure of foreign investment and implement a catalogue of industries supporting foreign investment。We will support foreign investment in innovation and development, encourage foreign investors to set up research and development centers in China, and deepen opening-up and cooperation in science and technology。Accelerate the green and low-carbon upgrading of foreign investment, and guide foreign investment to actively participate in the strategy of carbon peaking and carbon neutrality。We will guide the domestic gradient transfer of foreign-invested enterprises in the manufacturing industry, and encourage multinational companies to develop in the central and western regions and northeast China, which have a good foundation for industrial development。

Required by Certain Policy Measures,All relevant departments and localities should attach great importance to it,Strengthen coordination,We will do a good job in expanding the increase of foreign investment, stabilizing the stock and improving the quality of foreign investment,Create a better policy environment,We will keep foreign investment expectations stable,Boost the confidence of foreign investors,We will promote high-quality development through foreign investment,We will support foreign-invested enterprises in better integrating into the domestic cycle,Promote domestic and international double circulation。Provinces that attract large amounts of foreign investment should give full play to their advantages, increase their efforts to attract foreign investment, and enhance their driving role in stabilizing foreign investment in the country。

(Source: International Business Daily)


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