w88 casino News Network (Contributed by the Institute of International Economics, Photography by Yujun)December 10, 2019, "China's Foreign Investment Development Report（2019）》Press conference andThe "Foreign Investment Business Environment in Great Changes" seminar was held in Beijing.The report isThe Institute of International Economics, w88 casino, consecutivelyReleased in 9 years'sForeign 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 four decades of attracting foreign investment, and based on the new era, 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 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 deepen reform, expand opening up, and continue to work hard to improveFDI business environment, actively absorbing and utilizing foreign capital, is the fundamental way to effectively cope with the changes of the times.
First, establish marketization, rule of law, and internationalizationThe FDI business environment will further enhance the international competitiveness in attracting foreign investment.
To improve marketizationThe FDI business environment needs 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;
To improve the legal systemThe FDI business environment urgently needs 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.
To improve internationalizationThe FDI business environment 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 a precisely oriented regional investment policy that adapts to local conditions
There are gaps in regional development in China, with different levels and stages of economic development, Eastern Free w88 Pilot ZoneThe comprehensive competitiveness of FDI is obvious, while the comprehensive competitiveness of FDI in the central and western free w88 pilot zones is relatively insufficient. Precisely oriented investment policy measures need to be designed according to local conditions.
The Guangdong-Hong Kong-Macao Greater Bay Area lacks systematic planning and effective connectivity; the industrial division of labor is unclear and there is no overall coordination mechanism; in-depth cooperation faces legal difficulties. Compared with internationally developed bay areas, there are few basic R&D institutions and insufficient high-tech talent reserves. There is still a lot of room for improvement in the foreign-invested business environment.
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, China Business Think Tank and other units reviewed the "China Foreign Investment Development Report" released by the University of Economics and Business（2019）》 gave high recognition and had a heated discussion on the foreign investment business environment in the great changes, foreign investment law and foreign investment business environment, and the impact of the Sino-US w88 war on foreign investment. More than a dozen domestic media outlets including the People's Daily, Xinhua News Agency, Guangming Daily, Economic Daily, China Daily, and China News Service attended the report conference.
