Measures to stabilize foreign investment are intensively promoted to build the “Invest in China” brand
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More than 100 multinational company executives and representatives of foreign business associations signed up to participate. Many multinational company executives communicated with local governments and conducted on-site inspections… On March 26, the “… The first landmark event of “Invest in China” was held, attracting the participation of many foreign-funded enterprises.
This year’s government work report proposes to strengthen service guarantees for foreign investment and create an “Invest in China” brand. The “Action Plan for Solidly Promoting High-level Opening to the Outside World and Making Greater Efforts to Attract and Utilize Foreign Investment” recently issued by the General Office of the State Council makes specific arrangements for building the “Invest in China” brand. “Invest in China” has become one of the key words to stabilize foreign investment in 2024.
At the event site, many foreign business people told reporters that the “Invest in China” series of activities created good conditions for them to enter China, understand China, and invest in China, and further consolidated their confidence in developing in China.
“These investment promotion activities provide convenience for Japanese companies to better understand China’s market environment and investment opportunities, especially reducing the cost of exchange inspections for small and medium-sized enterprises.” said Toyoki Oka, secretary-general of the Japan-China Investment Promotion Agency, who recently told member companies The survey shows that 93% of companies maintain or expand the scale of investment in China, and finance, medical care, telecommunications and other fields are the key investment directions of Japanese companies.
Alberto Corchi, global senior vice president of AbbVie, an international biopharmaceutical company, said that the rapid growth of the Chinese market and the changing health care policies have brought huge opportunities to companies. AbbVie regards China as one of the most important markets in the world, actively integrates into China’s high-quality development process, and increases investment in China. “We are committed to building the Chinese market into one of AbbVie’s largest overseas markets.”
The Ministry of Commerce announced a series of measures to stabilize foreign investment at the event, covering multiple aspects such as expanding volume, stabilizing stock, and improving quality. Mainly include: increasing the amount of opening up at a higher level, continuing to reduce the negative list for foreign investment access, increasing the catalog of encouraged foreign investment industries, and using “one reduction and one increase” to allow more foreign investment to be “willing to come” and “come in”; Stabilize inventory with better services, hold monthly roundtable meetings for foreign-funded enterprises, and promote solutions to issues that foreign-funded enterprises are concerned about; improve quality with more precise policies, and increase research and development in R&D centers, advanced manufacturing, green and low-carbon, digital economy and other fields The intensity of investment policy support creates good conditions for foreign investment to participate in the development of China’s new productive forces.
More “Invest in China” brand activities are being prepared in full swing and will be launched one after another. For example, the CIIE, as a large platform for two-way opening up, is a window for investors from all over the world to understand China and a bridge to enter China. He Yadong, spokesperson of the Ministry of Commerce, recently responded to a question from a reporter from the Economic Information Daily. From April 1st to 3rd, the Ministry of Commerce and the Chongqing Municipal People’s Government will jointly organize the “Deepening the Dual Cycle of Introduction and Services” CIIE. Chongqing activities. This is the first local event of this year’s CIIE, and it is also an important part of the “Invest in China” brand campaign.
In order to better build the “Invest in China” brand, in 2024, the Ministry of Commerce will promote the combination of “going out” investment promotion and “inviting in” investment promotion, holding more than 20 high-quality events at home and abroad, and will also hold “China International Import Expo” in various places. A series of activities such as “Going into the Place” and local theme promotion were carried out in Europe, the United States, Japan, South Korea and the Middle East.
According to Zhou Mi, a researcher at the Research Institute of the Ministry of Commerce, the launch of the “Invest in China” series of activities and the implementation of more policies to stabilize foreign investment have not only made it easier for foreign-funded enterprises to invest in China, but also sent a clear message that China needs We also welcome foreign investment to participate in China’s high-quality development and hope that more high-quality foreign investment projects will be implemented in China.
A survey conducted by a third-party investment promotion service agency confirms this view. Cai Weinian, partner in charge of Ernst & Young’s North China Region, said that judging from Ernst & Young’s understanding of the investment intentions of multinational companies, whether it is involved in rebuilding supply chains or participating in the research and development of the most advanced technologies, China’s status as an investment destination is irreplaceable. .
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