China has reduced the negative list of foreign investment access for four consecutive years

China has reduced the negative list of foreign investment access for four consecutive years, with a reduction rate of more than 64.5%

Excellent business environment and strong attraction for investment

For four years in a row, the negative list of foreign investment access was revised, with a compression rate of more than 64.5%, and a number of major foreign-funded projects were successively implemented; the foreign investment law was fully implemented, and 408 regulatory documents that were inconsistent with it were cleared up In recent years, China has continuously optimized its business environment, and its ranking in the business environment report of the world bank has risen from 78th in 2018 to 31st in 2020, ranking among the top 10 economies with the fastest improvement of business environment in the world for two consecutive years.

Chinas scale of attracting foreign investment ranks second in the world

Recently, in Tiexi District of Shenyang City, Liaoning Province, nearly 300000 square meters of iron and steel plants have sprung up. BMW Groups largest manufacturing base in the world -- Liaoning Shenyang Brilliance BMW No.3 Factory project assembly Logistics Workshop completed the main steel structure capping.

BMW Brilliance project is an epitome of Chinas high-level opening to the outside world. In recent years, China has been exploring the implementation of the pre admission national treatment plus negative list management system for foreign investment, opening the door wider and wider, and improving the level of opening up.

——The investment restriction is less and less, and the system guarantee is more and more powerful.

The foreign investment law and its implementation regulations issued in 2019 have formally established the pre admission national treatment plus negative list management system in terms of laws and regulations. From 2017 to 2020, China revised the negative list of foreign investment access for four consecutive years, reducing the list items from 93 to 33, and giving foreign investment national treatment beyond the negative list. According to the data of the organization for economic cooperation and development (OECD), Chinas restrictions on foreign investment have declined rapidly since 2013, with the largest decline among major economies.

"The cancellation or relaxation of each negative list entry means that a more open area will bring about corresponding foreign capital inflow." Cui fan, Professor of the school of international business and economics of the University of international business and economics, said.

——The business environment is getting better and better, and there are more and more large foreign funded projects.

Last year, Samsungs $15 billion flash chip phase II project in Xian completed the plant construction, BASF Zhanjiangs $10 billion petrochemical project was officially launched, and Tesla Shanghais $7 billion super factory project was started, put into operation and delivered in the same year. This year, more and more foreign investors are sharing Chinas development opportunities.

From 2017 to 2019, under the background of the continuous decline of global transnational investment, Chinas scale of attracting foreign investment ranked second in the world. Novel coronavirus pneumonia increased by 18.7% in August compared with the same period in China.

"Facts have proved that China will not slow down in promoting a higher level of opening-up, Chinas policy of utilizing foreign capital will not change, and Chinas direction of providing better services for enterprises from all over the world to invest and develop their businesses in China will not change." The relevant person in charge of the national development and Reform Commission said.

Investment facilitation continues to improve

Entering the Wuxi International Life Science Innovation Park jointly built by AstraZeneca and Wuxi Municipal Government of Jiangsu Province, the road is spacious and surrounded by green plants. The first Russian technology company shenmanhe is holding online activities to discuss the application of artificial intelligence in rare diseases with 13 multinational pharmaceutical enterprises.

"In recent years, China has continued to optimize its business environment, creating more convenience for multinational pharmaceutical enterprises to take root in China. AstraZeneca will continue to increase its business layout in China." According to Wang Lei, global executive vice president and President of international business and China of AstraZeneca, the park has 7 strategic partners at home and abroad, and 17 enterprises have entered the park.

Build nests to attract phoenixes, flowers and butterflies. In recent years, through deepening the reform of "deregulation, management and service" and constantly optimizing the business environment, Chinas investment facilitation has been improved. In particular, the new foreign investment law and its supporting laws and regulations were formally implemented this year, and the approval and filing of the establishment and change of foreign-funded enterprises in the business field were completely cancelled, and the expectation and confidence of foreign investment were steadily improving.

——The number of investment fields will continue to increase. The catalogue of industries to encourage foreign investment (2019 Edition) published last year has 1108 entries, including 415 items in the national catalogue, 67 items increased and 45 items modified compared with the 2017 edition; 693 items were listed in the central and western regions, with 54 items increased and 165 items modified compared with the 2017 Edition.

——Service efficiency has been greatly improved. "It used to take months to do business. All the registration procedures have been completed in only three days this year! " On July 28, Zhou Qin, the relevant person in charge of Hainan nantaidao State Investment Co., Ltd., received the business license. Thanks to the newly launched "Hainan E-registration" platform, foreign businessmen can register independently by logging in to the website.

According to a report released on June 10 by the European Chamber of Commerce in China, 65% of the surveyed members regard China as the most important or top three investment destinations. "Facts have proved that China is still a hot land for investors from all over the world to invest and prosper." Ministry of Commerce spokesman Gao Feng said.

Policy support and service guarantee have been strengthened

"In the next 3 to 5 years, the investment of Chinese mainland will exceed the sum of investment in the past 30 years." YIHAI KERRY group president Mu Yankui is full of confidence.

In Qiqihar City, Heilongjiang Province, the deputy head of Fuyu County led a professional team to provide full time service; in Chaozhou City, Guangdong Province, Chaozhou Port Economic Zone