Source: China Business News Network
The confidence of foreign-funded enterprises in the Chinese market comes not only from the potential of China's large market, but also from the increasingly optimized business environment.
On May 10, the National Development and Reform Commission and the Ministry of Commerce publicly solicited opinions on the "Catalogue of Industries Encouraged for Foreign Investment (2022 Edition) (Draft for Comment)". Compared with the current 2020 edition, 238 items have been added, 114 items have been revised, and 38 items have been deleted, reflecting the basic principle of “increasing the total amount and optimizing the structure” of promoting the utilization of foreign capital. Among them, 50 items were added, 62 items were revised, and 14 items were deleted in the national catalogue of industries encouraged for foreign investment; 188 items were added, 52 items were revised, and 24 items were deleted in the catalogue of advantageous industries for foreign investment in the central and western regions. The relevant person in charge of the National Development and Reform Commission said that the new version shows China's determination and attitude to promote a high level of opening up, which is conducive to further stabilizing foreign investment expectations and confidence.
The revised terms are mainly to expand the scope of the original entry, including continuing to encourage foreign investment in manufacturing and producer services, and adding or expanding components, parts, equipment manufacturing, and professional design, technical services and development in the National Catalogue. and other items; the Midwest Catalogue adds or expands relevant items according to local labor force, characteristic resources and other advantages and investment needs.
Accelerating the construction of the rule of law in the field of foreign investment in China is an important part of optimizing the business environment. Since the promulgation of the Foreign Investment Law, the Ministry of Commerce, in conjunction with the National Development and Reform Commission and the Ministry of Justice, has organized various regions and departments to carry out in-depth work on "establishing, reforming and abolishing" regulations, rules and normative documents that are inconsistent with the Foreign Investment Law, and achieved positive results. According to the information released on the website of the Ministry of Commerce recently, over the past two years, China has successively issued six administrative regulations and departmental rules, including the Regulations on the Implementation of the Foreign Investment Law and the Measures for the Reporting of Foreign Investment Information, and abolished the "Regulations on the Implementation of the Foreign Investment Law by Foreign Enterprises or Individuals in China". 33 administrative regulations and departmental rules, including the Measures for the Administration of the Establishment of Partnership Enterprises, the Regulations on the Administration of Foreign-Invested Construction Enterprises, etc., and 47 revisions including the Regulations on the Administration of Foreign-invested Telecommunications Enterprises and the Interim Regulations on the Administration of the Establishment of Sino-foreign Equity Joint Ventures and Sino-foreign Cooperative Employment Agencies. Administrative regulations and departmental regulations. While simplifying foreign investment procedures and approval procedures, it also broadens the field of foreign investment and stimulates the enthusiasm and initiative of foreign investors.
Recently, in response to the problems of some foreign-funded enterprises' logistics and transportation being blocked and their expectations being unstable, the Joint Prevention and Control Mechanism of the State Council has issued the "Notice on Effectively Doing a Good Job in Keeping Freight Logistics Safe". Measures will be taken to help foreign-funded enterprises overcome the impact of the epidemic, resume work and production, and support foreign-funded projects to advance their construction and operation in an orderly manner. The Ministry of Commerce said that in the next step, it will further play the role of the special class for key foreign-funded projects. For the specific demands of foreign-funded enterprises to do business in China, they will sort out one by one, and implement classified policies to ensure smooth flow and supply, stabilize production and operation, and promote the resumption of work and production. .
