New highlights of China's economy: optimization of foreign investment structure in China

Release time:Apr 16, 2024 00:03 AM

Since the beginning of this year, facing the severe and complex international situation, China has steadfastly deepened its opening-up to the outside world, continuously optimized the environment for foreign investment, focused on enhancing the pertinence of relevant measures, actively addressed the problems and demands of foreign investors, and promoted their confidence, stable situation, and structural optimization in investing in China.

More targeted measures

Since the beginning of this year, various regions and departments have launched a series of positive measures to optimize the foreign investment environment based on their own work responsibilities.

The State Council recently issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment", proposing 24 policy measures from 6 aspects, focusing on solving the difficulties and pain points of foreign investment and operation. The relevant departments quickly proposed clear measures to implement the Opinion. For example, the Opinion clearly states that foreign-invested enterprises are guaranteed to participate in government procurement activities in accordance with the law. The Ministry of Finance stated that it will actively promote the revision of the Government Procurement Law and the coordination and unification of the Government Procurement Law and the Tendering and Bidding Law in accordance with relevant requirements, clarify specific standards for "production within China" in the field of government procurement, and carry out special inspections and other measures to better ensure equal participation of domestic and foreign enterprises in government procurement activities.

The Opinion also fully supports the increasingly strong innovation and research and development needs of foreign-funded enterprises in China. Zhou Mi, a researcher at the Research Institute of the Ministry of Commerce, believes that supporting foreign investment in establishing research and development centers in China, collaborating with domestic enterprises to carry out technology research and industrialization applications, encouraging foreign investment enterprises and their established research and development centers to undertake major scientific research projects, will create conditions for foreign enterprises to play a more active role in China's innovation field, and will also promote closer linkage between foreign enterprises and domestic enterprises in innovative projects.

At the local level, in March, Zhejiang Province issued the "Several Measures for Strengthening the Attraction and Utilization of Foreign Investment", proposing six measures to support the attraction and utilization of foreign investment, as well as work security plans; In May, Fujian Province issued several policy measures to promote the expansion, stability, stock improvement, and quality of foreign investment, proposing to create a first-class foreign investment environment, implement positive incentives for the use of foreign investment, and accelerate the landing and construction of key foreign investment projects

Enhanced confidence of foreign investors

A series of positive measures taken by the central and local governments have enhanced the confidence of foreign investment in China.

In mid August, AstraZeneca signed cooperation agreements with Qingdao High tech Industrial Development Zone, Taizhou Pharmaceutical Industry Park, and Wuxi High tech Zone, planning to further invest in the company's supply bases and production lines in Qingdao, Taizhou, and Wuxi. Wang Lei, Global Executive Vice President and President of International Business and China at AstraZeneca, stated that the measures taken by the Chinese government to optimize the foreign investment environment have sent a positive signal. Behind AstraZeneca's continuous increase in investment in China is its firm confidence in the Chinese economy.

On August 18th, Starbucks announced the establishment of the Starbucks China Innovation and Technology Center in Shenzhen, aimed at enhancing its technological capabilities and data infrastructure, further driving the digitalization process of its stores and multi-channel.

The "2023 Q2 China Foreign Investment Business Environment Research Report" released by the China Council for the Promotion of International Trade shows that over 90% of surveyed foreign-funded enterprises are satisfied with the foreign investment policies introduced by China since the fourth quarter of 2022, and nearly 90% of surveyed foreign-funded enterprises are satisfied with the foreign investment measures introduced by local governments. According to data released by the Ministry of Commerce, there were 28406 newly established foreign-invested enterprises in China in the first seven months of this year, a year-on-year increase of 34%, indicating a positive trend of foreign investment in the Chinese market.

Improving the quality of investment attraction

Currently, the quality of investment attraction in China continues to improve and the structure continues to optimize. High tech industries such as advanced manufacturing and modern services have become popular areas for foreign investment.

According to data from the Ministry of Commerce, the actual use of foreign investment in high-tech industries increased by 3.8% year-on-year in the first seven months of this year, with high-tech manufacturing industry increasing by 25.3% year-on-year. A survey shows that "technological innovation and research and development" has been regarded as the most important development opportunity in China by foreign-funded enterprises interviewed for two consecutive years.

The continuous strengthening of foreign investment in high-tech industries in China highlights the continuous upgrading of China's industrial chain hierarchy, providing a good hardware environment for investment in high-tech industries. The development of high-tech industries requires higher resources such as knowledge, technology, and talent. Without corresponding industrial resources and supporting infrastructure, it is difficult to stimulate the enthusiasm of foreign investment.

In recent years, China's modern industrial system has become increasingly perfect, allowing global investors to see the favorable supporting conditions and huge development potential for the development of high-tech industries in China. In addition, a series of relevant measures introduced by China have played a significant guiding role in optimizing the structure of foreign investment.

The upcoming China International Fair for Trade in Services has attracted numerous foreign-funded enterprises in the high-tech field to participate. Xu Shaofeng, Senior Vice President of Schneider Electric and Head of Medium Voltage and Service Business in China, stated that in the Chinese market, digital technology is deeply integrating into the modern service industry, empowering the real economy to accelerate transformation and upgrading. Schneider Electric will seize the opportunities in the Chinese market and assist in the transformation and upgrading of China's industries.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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