The vast space in China's manufacturing industry will bring sustained profitability to foreign-funded enterprises. State Council | News | China
CCTV News: Recently, the State Council issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment". 24 policy measures have been proposed in six aspects, including improving the quality of foreign investment utilization and ensuring the national treatment of foreign-invested enterprises. On the afternoon of August 14th, at the State Council Policy Regular Briefing held by the State Council Information Office, officials from relevant departments such as the Ministry of Commerce interpreted this policy document.
The person in charge of the Ministry of Commerce introduced that the Opinion has four main characteristics: first, expanding the breadth and depth of opening up to the outside world; second, improving the level of investment and operation facilitation; and third, increasing the guidance for foreign investment.
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Assistant Minister of Commerce Chen Chunjiang: The fourth is to strengthen the promotion and service guarantee of foreign investment. For example, establishing and improving the roundtable conference system for foreign-invested enterprises. Carry out the work of issuing certificates of origin for free trade agreements, and provide convenience for foreign-invested enterprises to enjoy tariff reduction policies.
When discussing the situation of China's manufacturing industry attracting foreign investment, the relevant person in charge of the Ministry of Industry and Information Technology stated that currently, the general manufacturing sector in China has achieved comprehensive opening up, the negative list of manufacturing items in the free trade zone has been completely cleared, and the restrictions on foreign investment access in the automotive industry will be completely lifted from 2022.
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Yao Jun, head of the Planning Department of the Ministry of Industry and Information Technology: In the first half of this year, against the backdrop of a slowdown in global economic recovery and sluggish global cross-border investment, the actual utilization of foreign investment in China's manufacturing industry was basically the same as the same period last year, with the actual utilization of foreign investment in high-tech manufacturing increasing by 28.8% year-on-year. This indicates that foreign-funded enterprises have sufficient confidence in investing in China, and the vast space of China's manufacturing industry will also bring sustained profit margins to foreign-funded enterprises.
Foreign investors are optimistic that China's measures to attract foreign investment will increase investment in China
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In response to the policy document issued by the State Council, heads of multiple multinational corporations in China have made positive comments and stated that they will continue to strengthen China in the future.