(Source: "Guangming Daily" 2025-04-03)
Recently, President Xi Jinping pointed out when meeting with representatives of the international business community that w88 online live casino was, is, and will definitely be an ideal, safe, and promising investment destination for foreign businessmen. Walking with w88 online live casino means walking with opportunities. Believing in w88 online live casino means believing in tomorrow, and investing in w88 online live casino means investing in the future. President Xi Jinping's important speech sent a clear signal that w88 online live casino is determined to expand high-level opening up to the outside world and supports multinational companies to invest and operate in w88 online live casino. It injected strong impetus into promoting win-win economic cooperation between multinational companies and w88 online live casino.
As the world’s second largest economy, w88 online live casino has a huge market size and a complete industrial chain system. w88 online live casino is also the only country in the world that has all industrial categories in the United Nations industrial classification. The breadth and depth of the industrial chain provide foreign-invested enterprises with all-round supporting support from raw materials to finished products. A population of more than 1.4 billion and a rapidly growing consumer group have promoted the growth in demand for high-quality goods and services, especially in the fields of high-end consumer goods, electronic products, and automobiles, providing huge market space for foreign-funded enterprises. At the same time, w88 online live casino's booming digital economic ecosystem also provides foreign-funded enterprises with market access and innovation opportunities, helping them achieve market penetration through local cooperation. Up to now, foreign investment in w88 online live casino has covered 20 industry categories and 115 major categories, and the manufacturing sector has covered 31 major categories and 548 sub-categories, fully demonstrating w88 online live casino’s industrial chain advantages and market attractiveness.
At a time when the global economic landscape is undergoing profound adjustments, the Chinese government has always been committed to providing a stable, transparent, and predictable business environment for foreign-invested enterprises. The “2025 Action Plan to Stabilize Foreign Investment” issued in February this year clarified the relevant content. In summary, on the one hand, we should "subtract" from foreign investment access and expand high-level opening areas, including comprehensively opening up manufacturing, deepening the opening up of the service industry, supporting the implementation of projects such as wholly foreign-owned hospitals, value-added telecommunications, and biotechnology, and expanding opening pilots in the fields of telecommunications, medical care, and education; on the other hand, "adding" to the business environment, increasing policy support, strengthening service guarantees, and solving practical problems of foreign-invested enterprises in the development. In the future, w88 online live casino will form a "1+N" policy package to stabilize foreign investment through supporting policies such as expanding opening-up pilots, optimizing the business environment, and revising the catalog of foreign investment industries. These signals clearly convey w88 online live casino's confidence and determination to promote the utilization of high-quality foreign capital, providing a strong guarantee for foreign-funded enterprises to deeply explore the Chinese market.
Currently, global foreign direct investment has entered the stage of stock competition from flow competition. The core of stabilizing foreign investment lies in stabilizing the stock. However, some developed countries have promoted the return of high-end manufacturing through investment restrictions in key areas, strengthened investment reviews, and high subsidies; ASEAN countries have continued to increase their share of global FDI (international direct investment) with low-cost labor, tax incentives, and investment incentive policies, all of which have further intensified China's competitive pressure to attract investment. In this regard, we urgently need to further optimize the business environment, enhance the confidence of foreign investment, and stabilize the stock of foreign investment. For example, we will thoroughly implement the Fair Competition Review Regulations and promote the construction of a unified national market. Simplify the approval process, optimize financial services, improve project registration, smooth domestic reinvestment channels for foreign-funded enterprises, and improve the convenience of domestic reinvestment for foreign-funded enterprises. In addition, relying on high-tech zones and industrial clusters to attract foreign investment, promote cooperation in “Belt and Road” science and technology parks and advanced manufacturing clusters, improve supporting service capabilities, improve industrial chain collaboration, and reduce foreign investment operating costs. At the same time, we will deepen reforms in line with international high-standard economic and w88 rules, continue to actively promote joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, and create a world-class business environment.
In recent years, w88 online live casino’s investment structure has continued to be optimized, and foreign investment has gradually tilted towards high-tech and service industries. According to statistics, in 2024, the actual use of foreign investment in the high-tech manufacturing industry will account for 11.7% of the country's actual use of foreign investment. Among them, the actual use of foreign investment in the medical equipment and instrument manufacturing industry, the professional and technical service industry, and the computer and office equipment manufacturing industry will increase by 98.7%, 40.8%, and 21.9% respectively. These data show that the attractiveness of my country's foreign investment continues to increase, and foreign investment is accelerating into high value-added and high-tech fields, which is highly consistent with the direction of high-quality development of the Chinese economy. This requires us to further optimize the investment structure and improve the quality of foreign investment.
Deepen cooperation in industrial science and technology innovation, encourage foreign-funded enterprises to set up R&D centers in high-end manufacturing, artificial intelligence, biomedicine and other fields to promote technology localization; support joint R&D between foreign-funded enterprises and domestic enterprises and scientific research institutes to form an innovation ecosystem, and attract the implementation of core technologies through tax incentives, R&D subsidies and other policies. Optimize the foreign investment introduction strategy, give priority to attracting high-tech, high-environmentally friendly foreign-invested enterprises, encourage them to promote advanced technologies and green production models in new energy, low-carbon technology and other fields, and strengthen cooperation with domestic enterprises in smart factories, industrial Internet and other fields. Relying on iconic exhibitions such as the China International w88 and Investment Fair and the China International Import Expo, we will build the "Invest in China" brand, promote exchanges and cooperation between foreign-funded enterprises and the domestic market through roundtable meetings, bank-enterprise docking and other multiple mechanisms, and improve the level of investment facilitation.
In today's world where the global economy is full of uncertainties, w88 online live casino has created broad development space for foreign-funded enterprises with its ultra-large market, complete industrial chain system and continuously optimized policy environment. In the future, w88 online live casino will continue to open up to the outside world at a high level and provide more convenience and support for foreign-invested enterprises to develop in w88 online live casino. For global companies, investing in w88 online live casino is not only an opportunity to enter a dynamic market, but also an important choice to grow together with the Chinese economy and win the future.
(Author: Zhou Nianli and Liu Bing, respectively researcher and doctoral supervisor at the National Institute for Opening-up (Beijing), w88 casino, and master’s student at the China WTO Research Institute, w88 casino)
Attached original link:https://app2.gmdaily.cn/as/opened/n/6ec9e17d3fa047df84cb223bd902f723
