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Q&A of Foreign Investment in the "Two Sessions" of China

Answer
Foreign investment has become an important part of China's economic development. Over the past 40 years of reform and opening, foreign investment has made an important contribution to China's economic and social development. At this year's two sessions, the term "foreign investment" was mentioned many times. This year's report on the work of the government proposed that we should actively utilize foreign investment, substantially reduce the negative list of foreign investment access, and issue a negative list of cross-border service trade. We will give the Pilot Free Trade Zone greater autonomy in reform and opening and create a market environment in which domestic and foreign enterprises are treated equally and compete fairly. Let us understand the policies related to foreign investment at the two sessions.

Q:
What are the "key points" of foreign investment in the "two sessions"?
A:
Attracting and retaining foreign businessmen;further reduce the negative list; and give the free trade area greater autonomy in reform and opening up.

Q:
How to understand these "key points" about foreign investment in the "two sessions"?
A:
  • Make foreign businessmen willing to come, stay and develop. During the two sessions, the Ministry of Commerce proposed that we should focus on the implementation of the foreign investment law, create a market environment of fair competition, protect the legitimate rights and interests of foreign businessmen, protect intellectual property rights, enhance the confidence of foreign businessmen in long-term investment in China, and make them willing to come, stay and develop.

  • Further reduce the negative list. The national development and Reform Commission also said that it had organized and cleared up the timely restrictions on the establishment of some units and departments. We will continue to conduct pilot tests in the pilot free trade zone and fully implement the negative list system. No restrictions on foreign investment shall be imposed outside the list.

  • Give the free trade zone greater autonomy in reform and opening up. The report on the work of the government pointed out that we should promote a higher level of opening up and stabilize the basic market of foreign trade and foreign investment. One of the important measures is to give the free trade zone greater autonomy in reform and opening up.

Q:
What are the specific policies on foreign investment put forward in the "two sessions"?
A:
In the face of the external environment, we should unswervingly expand the opening up, stabilize the supply chain of the industrial chain, and promote reform and development through opening up; We will give the pilot Free Trade Zone greater autonomy in reform and opening up, accelerate the construction of Hainan's free port, add pilot free trade zones and comprehensive bonded zones in the central and western regions, increase the service industry and expand the comprehensive pilot opening-up; significantly reduce the negative list of foreign investment access, and issue a negative list of cross-border service trade. One belt, one road and one road for high quality and quality, is to create a fair and fair market environment for domestic and foreign capital enterprises. Adhere to the principle of common consultation, co construction and sharing, follow the market principles and international prevailing rules, give play to the main role of enterprises and carry out mutually beneficial cooperation. We will guide the sound development of foreign investment, promote the signing of regional comprehensive economic partnership agreements, and promote free trade negotiations between China, Japan and South Korea. Jointly implement the first phase of China US economic and trade agreement. China is committed to strengthening economic and trade cooperation with other countries to achieve mutual benefit and win-win results.

Q:
What new policies have been mentioned for the freight and import and export industries?
A:
In order to support enterprises to add single stable jobs to ensure employment, increase credit, expand the coverage of export credit insurance, reduce the cost of export compliance, support the transfer of export products to domestic sales, accelerate the development of cross-border e-commerce and other new formats, and improve international freight capacity. Ten points to promote a new round of innovative development of service trade. We will make good preparations for the third China International Fair, actively expand imports, develop a higher level of large markets for the world, and promote trade and investment liberalization and facilitation. We will firmly uphold the multilateral trading system and actively participate in the reform of the WTO.

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