China Foreign investment facilitation in FTZ will gradually expand to the whole country.
The director of the National Development and Reform Commission (NDRC) from the 13th National People’s Congress said that China’s investment will increase this year.
This year, we will further revise the negative list of foreign investment, promote investment facilitation, simplify the procedures for foreign investment enterprises, and constantly improve the policy of attracting investment. Substantial relaxation of market access in improving the investment environment. In 2018, the National Development and Reform Commission will jointly with the departments concerned under the state council to revise foreign investment in the negative list and gradually expand to the whole country which already has been trialed in FTZ. In order to substantially increase the opening level of the service sector, fully liberalize the general manufacturing sector, relax or eliminate restrictions on foreign ownership in some areas, and relax or remove restrictions on business scope.
To simplify the procedures for the establishment of enterprises with foreign investment, promote the one window stop service on business license and commerce record are also parts of it. To simplify the administrative examination and approval of production and management of enterprises, reduce the time of fire control certificate application, EIA, land permission, water electrical connection, import and export clearance time etc. In order to promote fair competition between foreign-funded enterprises and domestic enterprises, the protection of intellectual property rights of foreign enterprises and the legitimate rights and interests of foreign enterprises shall be protected and the basic laws of foreign capital shall be formulated.
It will also attract foreign investment this year to increase the widening of opening up in western region, inland areas, border areas. Meanwhile, to the central and western regions, northeast region transfers of foreign-invested enterprises enjoy national support industrial transfer and processing trade of funds, land and other preferential policies.
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