(Source: "Economic Daily" 2025-01-27)

Lan Qingxin

Attracting foreign investment is an important part of my country's basic national policy of opening up. Foreign investment has made important contributions in promoting economic growth, expanding employment, exerting technological spillover effects, and driving industrial transformation and upgrading. After 40 years of construction, Tianjin Economic and Technological Development Zone has achieved positive results in building the "Invest in China" brand. By continuously deepening high-level opening-up measures, foreign investment has achieved considerable development in both scale and structure.

At present, it is particularly important to fully understand the positive role of foreign investment in China-style modernization, stabilize foreign investment, and promote the high-quality development of foreign investment. As the pace of economic transformation and upgrading accelerates, my country's initiative and guidance in utilizing foreign capital are obvious. Since the 18th National Congress of the Communist Party of China, my country has continuously deepened the reform of market mechanisms and open systems, created a market-oriented, legal and international first-class business environment, promoted the construction of a unified national market, actively released market dividends and institutional dividends, and the trend of high-quality development of foreign investment has become increasingly obvious.

Faced with increasing uncertainty in international economic and w88, China must continue to expand high-level opening up and create a strong driving force for the high-quality development of foreign investment.

First, innovation and upgrading of institutional opening. Align with international high-standard investment rules, explore new opening areas, further reduce the negative list for foreign investment access, strengthen national treatment for foreign investment after admission, and ensure access and business operation. Deepen the reform of delegating power, delegating regulation and optimizing services, establish an institutional system that is unified and coordinated by the central and local governments, build systems and regulations to protect the legitimate rights and interests of foreign investors, continue to improve the intellectual property service and protection system, increase the intensity of intellectual property law enforcement, timely revise or introduce laws and policies that affect the high-quality development of foreign investment, and improve the level and capabilities of foreign investment services.

The second is to enhance the guidance of high-quality development of foreign investment. On the basis of stabilizing the scale of foreign investment, actively and proactively guide foreign investment, encourage foreign investment in digital economy industries, modern service industries, technology research and development centers, and the transformation and upgrading of traditional industries. Strengthen the introduction of high-quality foreign investment in key areas such as high-end manufacturing, semiconductor chips, artificial intelligence, biomedicine, low-carbon environmental protection, medical care, and scientific and technological services. Provide direct and indirect financing support for the high-quality development of foreign investment, optimize the structure of foreign investment, and improve the quality and efficiency of investment. Guide high-quality foreign investment in the central and western regions and the old industrial bases in Northeast China, and play a leading role in capital, technology, experience, etc., to achieve balanced and coordinated regional opening-up.

The third is to pragmatically carry out international industrial cooperation. Increase investment cooperation with the EU, promote the resumption of the China-EU investment agreement, and realize the liberalization and facilitation of bilateral investment. Deepen investment cooperation between RCEP and emerging economy countries, implement RCEP investment terms, strengthen the mutual integration of industrial and supply chains, and achieve coordinated development of two-way investment. For international multinational companies and foreign-invested enterprises in China, actively carry out publicity and interpretation of China's development potential, market advantages, opening concepts, policies and regulations, and boost their good investment expectations. Give full play to the role of functional platforms such as economic and technological development zones and free w88 pilot zones, make good use of market principles and international rules, establish cooperative alliances with multinational companies, and promote multinational companies to establish global headquarters and regional headquarters in China.

(The author is a professor at the Institute of International w88 Rules, w88 casino)

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