24 Policy Measures to Optimize the Foreign Investment Environment: Three Key Points Worth Attention | Opinions | Foreign Investment
The State Council recently issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment", which proposed 24 policy measures in 6 aspects. Experts say that the "Opinions" issued this time have specific and comprehensive measures, and three "key points" are particularly noteworthy.
Zhao Fujun, Researcher at the Ministry of Foreign Economic Affairs of the Development Research Center of the State Council: This Opinion attaches great importance to increasing efforts to attract foreign investment in key areas such as biopharmaceutical research and development. More emphasis will be placed on the implementation of major and key foreign investment projects, and relevant service guarantees will be accelerated. It also emphasizes the role of major open platforms in foreign investment, fully leveraging the role of free trade pilot zones and national level economic development zones in promoting the gradient transfer of foreign-invested enterprises.
Experts say that the newly issued "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment" is another solid measure for China to promote high-level opening up, clarifying the direction for the utilization of foreign investment in the new development stage. Against the backdrop of sluggish global cross-border investment and intensified international investment competition, it will effectively boost confidence in foreign investment.
Zhao Fujun, Researcher at the Ministry of Foreign Economic Affairs of the Development Research Center of the State Council: From the perspective of stabilizing foreign investment, the current global attraction of foreign investment is facing significant downward pressure, and the competition for attracting foreign investment globally is relatively fierce. China is facing a more severe and complex situation in attracting foreign investment. This time, the "Opinions" are issued to further optimize the business environment and increase the attraction of foreign-invested enterprises. From the perspective of promoting high-quality development, this Opinion pays more attention to improving the quality of foreign investment utilization, which will help promote the development of advanced manufacturing and modern service industries, and will also contribute to innovative research and development.
![24 Policy Measures to Optimize the Foreign Investment Environment: Three Key Points Worth Attention | Opinions | Foreign Investment](https://a5qu.com/upload/images/5b3e3dd003613c5db6068b776724ca4e.jpg)
Based on investigation and research, continuously deepen institutional openness
Experts say that the "Opinions" issued this time are formed on the basis of extensive investigation and research, clarifying the direction of steadfastly improving the business environment and increasing the attraction of foreign investment, reflecting the determination to continue deepening institutional opening up.
Experts say that actively attracting and utilizing foreign investment is an important part of China's basic national policy of opening up to the outside world. In recent years, due to the impact of the COVID-19 pandemic and the rise of international trade and investment protectionism, China's utilization of foreign investment has faced severe challenges.
Faced with new situations and challenges in the field of utilizing foreign investment, the State Council and relevant departments have comprehensively analyzed the profound changes in the international situation, carefully understood the actual problems faced by foreign-invested enterprises, and conducted in-depth investigations and research in accordance with the requirements of the central government's trend of promoting investigation and research.
![24 Policy Measures to Optimize the Foreign Investment Environment: Three Key Points Worth Attention | Opinions | Foreign Investment](https://a5qu.com/upload/images/144bc4e5a0115a39400456311349451c.jpg)
Professor Cui Fan from the School of International Economics and Trade at the University of International Business and Economics: In order to implement the spirit of the 20th National Congress of the Communist Party of China, he visited a series of foreign-invested enterprises, held symposiums and dialogues, listened to many opinions and suggestions, and conducted in-depth investigation and research. This document is also a result of the State Council's implementation of the central government's investigation and research on the revitalization of the country.
Experts say that the 24 policy measures in the "Opinions" are systematically promoted from six aspects: improving the quality of foreign investment utilization, ensuring the national treatment of foreign-invested enterprises, continuously strengthening the protection of foreign investment, improving the level of investment and operation convenience, increasing financial and tax support, and improving the promotion methods of foreign investment, effectively reflecting China's determination to continue deepening institutional opening up.
The Opinion adheres to problem orientation and highlights the practicality of policies
Experts also stated that the policy measures in the Opinion adhere to a problem oriented and result oriented approach, and have provided targeted responses to some prominent issues raised by foreign-funded enterprises.
![24 Policy Measures to Optimize the Foreign Investment Environment: Three Key Points Worth Attention | Opinions | Foreign Investment](https://a5qu.com/upload/images/f0b9080455a284000207d26a282f77b5.jpg)
Professor Cui Fan from the School of International Economics and Trade at the University of International Business and Economics: For example, there are clear requirements in the Foreign Investment Law regarding the fair participation of foreign-invested enterprises in government procurement. This document proposes some specific solutions to the problems that arise during the implementation of the requirements of the Foreign Investment Law. For example, what is "produced within China" and the definition of products produced within China are required to be further clarified in this document.
Experts say that the newly issued "Opinions" highlight measures to ensure that foreign-invested enterprises participate in government procurement activities in accordance with the law, explore convenient cross-border data flow security management mechanisms, and strengthen the convenience of foreign executives, technical personnel, and their families entering and leaving the country, continuously enhancing their attractiveness to foreign-invested enterprises.
Cui Fan, professor of the School of International Economics and Business of the University of International Business and Economics: For foreign-funded enterprises, they raised some other very specific questions, such as the entry and exit of their executives, their technicians and their families. This document clearly stipulates that the issue of qualified executives and technicians in applying for the right of permanent residence is raised very carefully and specifically. They obtained a permanent residence permit. In the process of using this permanent residence permit, they need to expand its use and application scenarios in health care, public transportation, and financial Internet payment.