Tourists admire the skyline view of the Lujiazui district of the Bund in Shanghai, east China, Jan.6, 2020 (Xinhua / Wang Xiang)
China will further reduce negative market access list, continue to encourage foreign investment in more areas, and fully implement national treatment for foreign investment after market entry, the senior planner said on Monday. China’s economy.
“China will further reduce the negative list of foreign investment. In recent years, the number of restrictive measures has been reduced by almost two thirds. A series of major opening-up measures have been introduced in the areas of finance, automotive and others, and the manufacturing sector has been fundamentally opened up, ”Ning Jizhe, vice chairman of the National Commission for development and reform (NDRC), during a press briefing in Beijing.
China will also continue to encourage foreign investment in more fields and actively guide foreign investment in advanced manufacturing, high and new technologies, energy conservation and environmental protection, Ning added.
The new list of industries to encourage foreign investment came into effect in January of this year; 127 new items have been added to the list and 88 items have been changed, compared to the 2019 version. For example, foreign investors are encouraged to invest in online education, online healthcare, 5G technology and blockchain technology.
According to the NDRC, more foreign investment is encouraged in research and development, modern logistics and information services, and more investment in the central and western and northeastern regions of the China, to better leverage the role of foreign investment in ensuring the stability of industry and supply chains.
“By improving market access, we will improve the dynamic adjustment mechanism of the negative list. This year, we will revise and enact the negative list on market access for 2021, and continue to remove hidden obstacles to the negative list. ‘market access. We will formulate and introduce special measures to facilitate market access in Hainan Province (South China) and Shenzhen in Guangdong Province (South China), Zhao Chenxin said, general secretary of the NDRC.
According to published statistics, China has encouraged the implementation of large foreign investment projects. So far, a total of $ 110 billion has been invested in four batches of large foreign-funded projects in China.
“This year, we will launch the fifth batch of large foreign-funded projects and provide policy support, including land use for industrial planning, environmental assessment and energy use,” said Ning said.
On the issue of the Export Control Law, the NDRC official said that the purpose of the law is to control the export of controlled items such as goods for military use. Domestic and foreign companies are treated equally in terms of the scope of control and control measures. There is no impact on the normal exports of foreign-invested enterprises.