China’s Foreign Investment Development Report 2019 Released
(Source:《Guangming Daily》2019-12-11 Reporter Liu Bochao）
On December 10, 2019, the "China Foreign Investment Development Report 2019" press conference and the "Foreign Investment Business Environment in Great Changes" seminar were held in Beijing. This is the ninth consecutive year that the Institute of International Economics of the w88 casino has released a foreign investment report. The report focuses on the changes in the domestic and foreign economic environment that attracts foreign investment, assesses the current business environment and its impact of foreign direct investment in my country, and analyzes the improvement of my country's business environment for attracting foreign investment and future policy directions from multiple perspectives such as international rules, policies and regulations, market factors, regions, and industries, and provides an in-depth interpretation of the hot issues of foreign investment in the great changes.
The domestic and foreign economic environment for attracting foreign investment has undergone profound changes
The report first reviews the 40-year process of attracting foreign investment, based on the new era, and points out that the current domestic and foreign economic environment for my country's absorption of foreign investment has undergone profound changes. As far as the domestic economic environment is concerned: First, the national economy is shifting from a high-growth stage to a high-quality development stage. Second, the upgrading of industrial structure has replaced the accelerated expansion of industrialization. Third, high factor costs have replaced cheap production factors. The fourth is to shift from focusing on policy-based investment to focusing on institutional investment.
As far as the international economic environment is concerned: First, the trend of anti-globalization has replaced the accelerated development of economic globalization. Second, the large-scale relocation of manufacturing industries in developed countries has turned into seeking the return of manufacturing industries. Third, the international economic landscape is being restructured at an accelerated pace, with some countries seeking to reform international economic and w88 rules and establish a high-level rules system for w88 and investment liberalization and facilitation. Changes in international economic and w88 rules will profoundly affect international investment behavior and my country's absorption of foreign direct investment. Fourth, the United States has changed from being happy to see my country's reform, opening up, and development to seeking to contain China's rise.
The business environment for foreign investment continues to improve, but uncertainty increases
Since the w88 war launched by the United States against China in 2018, foreign-invested enterprises have raised concerns about China's macroeconomic development situation, whether China will impose restrictions on US-invested enterprises, and whether China's business environment will deteriorate. The report selects 30 countries and regions with large FDI (foreign direct investment) inflows for evaluation. In 2018, China's FDI comprehensive business environment ranked 7th. Among them, the FDI attractiveness index is 42.26, ranking 4th, and the FDI potential index is 44.67, ranking 10th. Moreover, in the ten years from 2008 to 2018, China's foreign investment business environment index has steadily remained in the top ten. The overall business environment is conducive to attracting foreign investment, and it has relatively stable FDI attraction and investment potential in the future.
The Sino-US w88 war will have an impact on the absorption of foreign investment in my country's high-tech fields. Through data analysis, the report found that although the negative impact of the Sino-US w88 war on attracting foreign investment in my country's high-tech industries has appeared, the impact is relatively small. With the development of the w88 war, the United States has included more high-tech enterprises and institutions in my country on the export control entity list. The negative impact of the Sino-US w88 war on the absorption of foreign investment in my country's high-tech fields will gradually appear. my country needs to introduce more policies and measures to effectively offset this negative impact.
Improve the business environment for foreign investment and promote the high-quality development of foreign investment
Proactively deepening reform and opening up, continuing to work hard to improve the FDI business environment, and actively absorbing and utilizing foreign capital are the fundamental ways to effectively cope with the changes of the times.
First, establish a market-oriented, legalized, and internationalized FDI business environment to further enhance the international competitiveness in attracting foreign investment.
In order to improve the market-oriented FDI business environment, it is necessary to further improve the operability and transparency of negative list management, accelerate the integration of international industry classification standards, effectively relax access restrictions in the service industry, and standardize and improve the content and form of negative lists;
In order to improve the legal FDI business environment, it is urgent to issue implementation regulations and implementation details of the Foreign Investment Law that are connected with the legal system for the promotion, protection and management of foreign investment.
In order to improve the international FDI business environment, we must actively benchmark international high-standard rules, improve investment liberalization and facilitation, and promote fair competition between domestic and foreign capital. Create a high-level digital w88 business environment. Protect foreign businessmen’s intellectual property rights and enhance investment confidence. Improve standardization management regulations, encourage domestic and foreign-funded enterprises to equally participate in standardization work, and maintain a fair business environment
Second, design precise-oriented regional investment policies that are tailored to local conditions
There are gaps in regional development in China, with different levels and stages of economic development. The comprehensive competitiveness of FDI in the pilot free w88 zones in the eastern region has obvious advantages, while the comprehensive competitiveness of FDI in the pilot free w88 zones in the central and western regions is relatively insufficient. Precisely oriented investment policies and measures need to be designed according to local conditions.
Experts and scholars from the Chinese Academy of Social Sciences, the Institute of w88 Research of the Ministry of Commerce, the National Development and Reform Commission, the China Council for the Promotion of International w88, the Central University of Finance and Economics, the China Business Think Tank and other units highly recognized the "Foreign Investment Development Report" released by the University of Economics and Business, and had heated discussions on the foreign investment business environment, foreign investment law and foreign investment business environment in the great changes, and the impact of the Sino-US w88 war on foreign investment.
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