The new industry provides a huge magnetic field for attracting foreign investment

【expert interview】

A few days ago, the State Council issued the "Police Policies and Measures for the Economy", which proposed 33 measures including "accelerating the promotion of major foreign projects to actively attract foreign investment". In the face of the increasing risk challenges and increasing economic development environment of risks, complexity, severe, and uncertainty, how can my country ensure stability of foreign investment? In this regard, Liang Ming, director and researcher of the Institute of Foreign Trade, Research Institute of the Ministry of Commerce, accepted an interview with our reporter.

Reporter: The China Trade Council ’s“ Report on the first quarter of 2022 China ’s Foreign Business Environment“ Report ”shows that foreign -funded enterprises have a higher overall satisfaction with China's business environment, and nearly 90 % of foreign -funded enterprises have maintained or expanded the existing business scale. Where is my country's attractiveness to foreign capital?

Liang Ming: One is the long -term development prospect of China's economy. The Chinese market is large, the industry is complete, the infrastructure is complete, the human resources are rich, and the human resources have a strong comprehensive comparative advantage. These have provided a good environment for the development of foreign -funded enterprises. China's strong economic toughness, sufficient potential, extensive room for rotation, and long -term good fundamentals have not changed. The prospects of China's economic growth are still broad, which has brought continuous profitability to foreign -funded enterprises.

The second is the continuous optimized business environment in China. China has continued to promote the reform of "decentralization and management service" and simultaneously implement the "Optimized Business Environment Regulations" and foreign investment laws. The negative list of foreign capital access in 2021 was further reduced, which improved the management system and improved its accuracy. The negative lists of the National and Pilot Free Trade Zone have been further reduced to 31 and 27, and the proportion of reduction was 6.1%and 10%, respectively. Specialized classes for foreign trade and foreign -funded coordination mechanisms and key foreign -funded projects to coordinate all parties in a timely manner, strengthen service guarantees, help enterprises solve problems, and continuously improve the level of business environment, rule of law, and internationalization.

The third is new opportunities emerging from China to build a new development pattern. China is accelerating the establishment of a new development pattern and promoting the pace of higher levels of opening up to continue to speed up, bringing more open opportunities to foreign -funded enterprises. The continuous expansion of the Pilot Free Trade Zone, the opening up of the service industry, steady speed up, technological innovation, and low -carbon development have been further promoted ... As a result, new industries such as digital, research and development, service, and new energy will provide huge magnetic fields for attracting foreign investment.

Reporter: At present, multiple factors such as slow growth and epidemic conditions have impact on economic development. What challenges are facing foreign investment?

Liang Ming: At present, due to multiple factors, stable foreign investment faces many challenges. From the perspective of the external environment, the global economy has not yet gone out of the haze of the century, and it has encountered geopolitical factors such as Russia and Ukraine's conflict, and the pace of recovery has slowed significantly. The international industrial chain supply chain is not operating smoothly, and the global industrial chain reconstruction shows the characteristics of near -shore, localization, and regionalization. More multinational companies have adopted the "China" strategy to disperse some production capacity to other countries in order to realize the diversified supply chain diversified supply chain. Essence From the perspective of the internal environment, affected by the "suspension keys" such as the epidemic, the complexity, severe, and uncertainty of my country's economic development environment have increased, and the stable growth, employment, and prices are facing new challenges. Some foreign -funded enterprises have encountered difficulties in production and operation, and proposed the hope of expanding the scope of re -production and re -production, ensuring the smooth flow of logistics, and further facilitating the entry of foreign personnel. my country has always paid close attention to the production and operation of foreign -funded enterprises in China, and promoted the solution of the difficulties and problems encountered in foreign companies in investment and operation.

Reporter: The "Policy and Measures for the Economy" issued by the State Council proposed that it will accelerate the promotion of major foreign projects to actively attract foreign investment. What positive effects will this policy have?

Liang Ming: Promoting the policy as soon as possible will be effective, and will have the advantages of stabilizing the policy such as stabilizing the economy and helping the enterprise, accelerating the recovery and unblocking of supply chain, further optimization of the investment environment, and stabilizing the confidence of foreign investors. First, it will give full play to the leading role of major foreign -funded projects with large investment amounts and a wide range of upstream and downstream industrial chains, and accelerate the recovery and unblocking of supply chain. The second is that the new version of "Encouraging Foreign Investment Industry Catalogs" as soon as possible will help guide foreign investment to more investment in advanced manufacturing, scientific and technological innovation and other fields, as well as the central and western regions, and promote the establishment of high -tech research and development centers in China in China. Third, it will further expand the cross -border financing channels of enterprises, support qualified high -tech and "specialized new" enterprises to carry out foreign debt facilitation quotas. The fourth is that the normalized exchange mechanism of the China Foreign Business Association and foreign -funded enterprises in China will help solve problems such as the convenience of foreign companies in Chinese businessmen, and further stabilize and expand foreign investment.

Reporter: How to provide more convenience for foreign companies to invest and operate in China?

Liang Ming: First of all, it is necessary to help foreign companies solve the problems encountered in the current situation. Give full play to the role of the foreign trade and foreign capital coordination mechanism of the State Council and the work class of key foreign -funded projects, and cooperate with various localities and departments to jointly solve a series of problems encountered by foreign -funded enterprises, including personnel visa issues, production and operation issues, upstream and downstream supply issues, transportation, transportation, transportation Questions, etc.

Secondly, it is necessary to speed up and promote the introduction of more special policies for the specific difficulties of foreign -funded enterprises.For example, with the approval of the State Council, the policy of reducing tax reduction and exemption of personal executive income tax for foreign enterprises has been expired at the end of 2021 to 2023.Overseas investors continue to invest in China after being re -assigned in China, and continue to levy pre -income tax for the time being.Similar policies should be accelerated and should be done.We will conscientiously implement the 33 measures deployed by the State Council's executive meeting, and refine the research and formulate supporting policies for the stabilization of the industrial chain supply chain.In addition, it is necessary to create a better foreign investment and business environment, accelerate the implementation of large foreign projects, and further expand the industrial scope of encouraging categories.

(Reporter Yao Yaqi)

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