Stabilizing Foreign Investment and Accelerating the Implementation of Key Projects
2024-07-10
Recently, from the proposal of multiple measures to stabilize foreign investment at the National Standing Committee to the promotion of implementation at the Foreign Investment Work Symposium, the central government has successively made arrangements to increase efforts to attract and utilize foreign investment. It is worth noting that the role of foreign-funded provinces has been emphasized, requiring them to increase precision investment attraction, strengthen service guarantees, and accelerate the landing and construction of foreign-funded projects. Experts have stated that foreign investment plays an important role in China's economic development. With greater efforts and more practical measures from the central and local governments, more high-quality foreign investment will be attracted to invest and cultivate in China. From the data, there were 21764 newly established foreign-invested enterprises in China from January to May, a year-on-year increase of 17.4%, continuing the trend of rapid growth of newly established enterprises since last year. Zhang Xiaotao, Dean of the School of International Economics and Trade at Central University of Finance and Economics, told Economic Reference Daily that foreign investment plays an important role in China's economic development and is an important force in China's economic growth. The international and domestic economic environment is constantly changing, and China faces new challenges and opportunities in attracting and utilizing foreign investment. In order to further stabilize the confidence of foreign investment and promote the landing of more high-quality foreign investment projects, this round of foreign investment stabilization policies involves multiple aspects of concern for foreign-funded enterprises. Among them, in terms of open areas, the State Council meeting held on June 26th proposed to deepen the opening up of key areas to the outside world, implement the "zero" requirement for foreign investment access restrictions in the manufacturing industry, and launch a new round of pilot measures to expand the opening up of the service industry. The subsequent symposium on foreign investment work once again clarified the need to further relax market access, eliminate unreasonable restrictions, and transform the advantages of the super large-scale market into tangible advantages for attracting investment. While introducing new policies, this round of deployment is also closely implemented. The focus is on optimizing policy implementation, providing equal support for domestic and foreign enterprises to participate in large-scale equipment updates, government procurement and investment, and facilitating channels for foreign enterprises to reflect and resolve their demands. In addition, major provinces with foreign investment have also been highlighted. The symposium on foreign investment work proposed that foreign-funded provinces should shoulder their responsibilities and play a greater role, increase precision investment attraction efforts, strengthen service guarantees, and accelerate the landing and construction of foreign-funded projects. Zhang Xiaotao analyzed that coastal and developed regions have more advantages in attracting foreign investment, which is an objective fact that conforms to economic laws. Fully leveraging the role of major foreign-funded provinces in attracting foreign investment is the key to stabilizing foreign investment. The actual absorption and utilization of foreign investment by local governments also proves this point. By analyzing the actual annual use of foreign investment in provinces and cities such as Jiangsu, Shanghai, Guangdong, and Zhejiang, which exceeded 20 billion US dollars, the reporter found that by continuously accumulating advantages in openness and optimizing the business environment, the attractiveness of these places to high-quality foreign investment is constantly increasing. For example, in Jiangsu, which has ranked first in the country in terms of annual utilization of foreign investment for many consecutive years, a number of foreign investment projects are accelerating. Recently, Samsung Semiconductor Global Distribution Center relocated and opened in Suzhou Industrial Park. It only took 4 days from signing land contracts to obtaining construction permits, and more than 400 days from construction commencement to project completion; The Bosch new energy vehicle project with a total investment of over 1 billion US dollars will start immediately upon land acquisition; The Taikoo Coca Cola project, with a total investment of 2 billion yuan, has achieved "five certificates issued consecutively". It only took 8 months from signing the contract to starting construction... All of these have witnessed the efficiency of serving foreign investment in Jiangsu. The investment and cooperation signing ceremony for the Yokohama Rubber Qiantang project in Zhejiang, another major foreign-funded province, was recently held in Hangzhou, Japan. The total planned investment for this project is about 500 million US dollars, and it is the largest single scale foreign-owned manufacturing project introduced in Hangzhou in recent years. Previously, the Danfoss Sea Salt Second Park project, the largest industrial group in Denmark, was officially launched in Jiaxing Sea Salt. Foreign funded enterprises are adding investment and expanding their industrial layout in Zhejiang. At the same time, these places are also launching stronger measures to attract foreign investment. Jiangsu encourages foreign-invested enterprises to carry out research and development activities, and encourages various regions to provide support to foreign-funded research and development centers within the scope of policies; Shanghai focuses on the need for foreign-funded enterprises to participate in the formulation of relevant standards, and issues documents to ensure that domestic and foreign enterprises enjoy standardized policies equally in accordance with the law; Guangdong implements a service mechanism for major foreign-funded projects such as "direct trains" and "one-stop services", and creates the "Invest in Guangdong" brand; Based on high-quality "introduction", Zhejiang has stipulated that the consistency review of domestic and foreign investment should be included in the scope of fair competition review. In response, Zhang Xiaotao stated that through a series of targeted measures, foreign-funded provinces will further shape a market-oriented, legal, and international first-class business environment, and explore high-quality ways to attract foreign investment. At the same time, summarizing experiences that can be promoted and replicated is of great significance in driving more regions to attract foreign investment. Zhou Mi, a researcher at the Research Institute of the Ministry of Commerce, also stated that better attracting and utilizing foreign investment is a consistent policy orientation in China. With the deployment at the national level and the promotion at the local level, it will further consolidate the confidence of foreign investment in China and deepen the cultivation of China. (Lai Xin She)
Edit：Lubaikang Responsible editor：Chenze
Source：jjckb.cn
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