Chinese Government has been actively promoting multilateral cooperation, pushing forward economic globalization and establishment of a community with a shared future for mankind. Comparing to current improvement of investment environment, in the past, China attracted foreign mainly through preferential policies. Chinese Government will strengthen the matchmaking of international trading rules, enhance transparency, iintensify property right protection, stick on handling affairs in accordance with law, encourage competition and oppose monopoly. Chinese Government will persistently pursue the opening strategy of mutual benefit and win-win result, and implement policies on high-level trade and investment liberalization / facilitation.
Relevant departments of the Chinese Government make innovations and improvements, tackle and overcome difficulties, actively plan for enlarging the opening to the outside world, execute high-level policies for free and convenient investments, and put forth efforts to cultivate new advantages for using foreign capital. System of national treatment plus negative list management before admission is comprehensively implemented, market access is substantially relaxed, so as to protect the legitimate rights and interests of foreign investment, create a good business environment, effectively promote the growth of foreign capital, and use foreign capital to realize improvement and betterment while remaining steady.
Chinese Government deeply promotes the reform “to delegate power, streamline administration, and optimize government services” in the field of foreign capital, vigorously promotes the system of national treatment plus negative list management before admission, substantially relaxes the access for foreign investment, strengthens the protection of the legitimate rights and interests of foreign investment, improves the business environment for investment, encourages foreign merchants’ investment and business operation in China continuously and for long term, and uses foreign capital to realize the steady enlargement of scale, and the steady enhancement of quality and level.
In 2017, the Chinese Government continued to promote the expansion of opening to the outside world, deepened the reform of foreign investment management system, uniformly promoted the construction of pilot free trade zone, and pushed the transformation and upgrading of national economic development zones, effectively promoting the growth of foreign capital:
- Continuously expanding the opening to the outside world
With the further enhancement of the legalization, internationalization and facilitation of Chinese foreign investment environment as starting point, and aiming to promote the growth of foreign capital and enhance the utilization quality of foreign capital.
- Constantly deepening the reform of foreign capital management system
Chinese Government has further narrowed the scope of examination and approval on the establishment and alteration of foreign-invested enterprises, and incorporated establishment through foreign capital merger and alteration of enterprises not involving special access management measures into the filing management.
- Uniformly planning the construction of pilot free trade zone
The Chinese Government has comprehensively deepened the plan for the reform and opening to the outside world, and supervised each department to implement the plans. Also, the Chinese Government has strengthened pressure test and risk prevention and control, reduced the restrictive measures for the negative list of pilot free trade zones, and further enhanced the level of opening to the outside world.
- Innovating the construction of open carriers and platforms
The Chinese Government has implemented the project of improving the innovation of development zones, and uniformly promoted the construction of border economic cooperation zones and cross-border economic cooperation zones. Also, it has coordinated special financial and policy support, developed special investment trade promotion activities, assisted border regions to cultivate characteristic advantaged industries, and increasingly consolidated the foundation for open development.
Under the guidance of the national policies, the foreign investment in China was further optimized in terms of the source structure, industrial structure, regional layout and investment method, further enhanced in terms of the quality and level, and continued to extend the development trend of gathering towards high-end industries, and the introduction of technologies and intelligence became a new kinetic energy for the development of foreign capital.