6. The departments issued policies and measures to promote the high-quality development of foreign capital utilization with the focus on the manufacturing industry

2022-10-25

The reporter learned on the 25th that six departments, including the National Development and Reform Commission, recently issued the "Several Policies and Measures on Promoting the Expansion of Foreign Investment, Stabilizing the Quantity and Improving the Quality of Foreign Investment, Focusing on the Manufacturing Industry", to further increase the efforts to attract foreign investment in the manufacturing industry, focus on solving the outstanding problems faced by foreign-funded enterprises, comprehensively strengthen the promotion and service of foreign investment, and promote the high-quality development of foreign investment utilization. This document clarifies the direction and key tasks of China's use of foreign capital at present and in the future: First, optimize the investment environment and expand the increase of foreign investment. We will deepen the implementation of the negative list of foreign investment access, and turn the opening policy into a real foreign investment project as soon as possible. The national treatment after the admission of foreign investment shall be implemented in a high standard to ensure that foreign-invested enterprises can enjoy relevant support policies equally according to law and regulations. We will promote the signing and implementation of foreign-funded projects, and increase project policy support and service guarantee. Strengthen the guarantee of land elements and ensure the reasonable demand of foreign investment projects in the manufacturing industry. We will carry out a series of international industrial investment cooperation activities and strengthen dialogue and exchanges with foreign-invested enterprises, relevant chambers of commerce and international organizations. Improve the efficiency of public service platform for international investment, and strengthen the investment promotion service function of key exhibitions. Second, strengthen investment services and stabilize the stock of foreign investment. Facilitate the exchange of international business personnel, and facilitate the entry and exit of executives, technicians and their families of multinational companies and foreign-invested enterprises on the premise of well preventing and controlling the COVID-19. Make full use of the "fast track" between Chinese and foreign personnel. Strengthen freight logistics to ensure smooth traffic. To provide qualified foreign-invested enterprises with high-quality financial services and financing support in accordance with the principle of marketization. We will encourage foreign invested enterprises to reinvest their profits, and implement policies such as the temporary exemption of withholding income tax on direct investment with distributed profits. Support the import and export of foreign-invested manufacturing enterprises, and provide services and guidance for enterprises in trade clearance and other aspects. Third, guide the direction of investment and improve the quality of foreign investment. We will optimize the structure of foreign investment and implement the supporting policies of the Catalogue of Industries Encouraging Foreign Investment. We will support the innovative development of foreign investment, encourage foreign investors to set up research and development centers in China, and deepen scientific and technological openness and cooperation. Accelerate the green and low-carbon upgrading of foreign investment, and guide foreign investment to actively participate in carbon peaking and carbon neutralization. We will guide the domestic gradient transfer of foreign-invested manufacturing enterprises, and promote the development of transnational corporations in the central and western regions and the northeast regions with a good foundation for industrial development. (Liu Xinshe)

Edit:Yi Bin    Responsible editor:Li Bin Wei

Source:Xin Hua news

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