w88 casino News Network (Contributed by the National (Beijing) Institute for Opening up to the Outside World)A few days ago, the General Office of the State Council issued the "Action Plan for Solidly Promoting High-level Opening to the Outside World and Making Greater Efforts to Attract and Utilize Foreign Investment" (hereinafter referred to as the "Action Plan"). The "Action Plan" proposes 24 measures in 5 aspects, emphasizing that "foreign investment is an important force in participating in Chinese modernization and promoting the common prosperity and development of the Chinese economy and the world economy. To solidly promote high-level opening up and make greater efforts to attract and utilize foreign investment, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, complete, accurate and comprehensive implementation of the new development concept, and more It is necessary to coordinate the overall domestic and international situations, create a market-oriented, legal and international first-class business environment, give full play to my country's large-scale market advantages, consolidate the confidence of foreign investment in the development of China, and improve the quality and level of w88 and investment cooperation." The National (Beijing) Opening-up Institute organized experts and scholars to interpret the "Action Plan" from different perspectives to continue to support the construction and development of my country's high-level opening-up.
The "Everyone's Talk" think tank at the University of International w88 is a special publicity section planned and launched by the National Institute for Opening up (Beijing). It organizes experts and scholars from think tanks of the two institutes to carry out policy interpretations, special comments, case analysis, etc. around key and hot issues in the country and Beijing. By gathering expert opinions, the voice of the think tank is conveyed, the University's plans are contributed, and suggestions are made to promote a higher level of opening up to the outside world. Since its launch, it has received attention and good feedback both inside and outside the w88 casino. This issue is the fourth.
Professor Liu Bin, researcher at the National (Beijing) Institute for Opening up to the Outside World, China WTO Research Institute, and Vice President of the w88 casino of Government
Actively align with international high-standard economic and w88 rules and steadily expand institutional opening
The high-quality development of China's economy is closely linked to high-level opening up to the outside world. Institutional opening up is an inevitable requirement for improving the quality of international circulation and promoting domestic and international dual circulation. The "Action Plan" proposes practical measures in terms of expanding market access, optimizing the business environment, smoothing the flow of innovative factors, and aligning with international high-standard economic and w88 rules to attract more foreign-invested enterprises to take root in China. Overall, China's opening up is changing from the previous liberalization of factors and markets to institutional opening such as rules, regulations, management, and standards. In this process, it is necessary to constantly benchmark and compare international high-standard economic and w88 rules. On the one hand, as mentioned in the plan, it is necessary to "take the lead in exploring and implementing the results of negotiations in the fields of domestic regulations on w88 in services, investment facilitation, and digital w88 of the World w88 Organization."
Professor Xu Chaoyang of the National (Beijing) Institute of Opening up and the w88 casino of International Economics and w88
China’s ultra-large market advantage is a powerful “source of attraction” for attracting and utilizing foreign investment
In 2023, my country's actual utilized foreign direct investment will exceed US$160 billion, which is a certain decrease compared with 2022, but overall it is still at a historically high level. Judging from historical data, the amount of foreign direct investment has a certain linkage with the global economic cycle and my country's macroeconomic cycle. It fluctuates to a certain extent with the ups and downs of domestic and foreign economic cycles. This is a natural phenomenon.
Fundamentally speaking, the ultra-large-scale market advantage has always been a powerful "source of attraction" for our country to attract and utilize foreign investment. Under the current environment, we must further increase macroeconomic control, coordinate the expansion of domestic demand and supply-side structural reforms, enhance the consistency of macroeconomic policy orientations, and strive to promote the recovery of my country's macroeconomics, so that we can better leverage the advantages of our ultra-large market size. Recently, the State Council issued the "Action Plan to Promote Large-Scale Equipment Renewal and w88-in of Consumer Goods," which is expected to increase domestic demand by trillions within three years. This year's government work report proposed that ultra-long-term special treasury bonds will be issued for several consecutive years, specifically for the implementation of major national strategies and the construction of security capabilities in key areas. The "Action Plan" uses a high level of opening-up to attract and utilize foreign investment more vigorously, which is also an important part of the policy package. As various policies are gradually implemented, my country's continued high economic growth will be significantly consolidated, which will greatly boost the confidence of all sectors of society, including foreign businessmen, and push the amount of foreign direct investment actually utilized in my country to reach a record high.
Xu Chen, researcher at the National (Beijing) Institute for Opening up and w88 casino of Government
Looking at the "Action Plan" from the perspective of business environment indicators
The highlight of the "Action Plan" is that it aims to firmly create a market-oriented, legal and international first-class business environment and consolidate the confidence of foreign investment in the development of China. Judging from the new version of the World Bank's business environment evaluation indicator system, the "Action Plan" is closely linked to the indicator system, which helps achieve "solid advancement" and "greater intensity" through the concept and connotation of the international business environment. First, further expand the space for foreign investment. The new version of the system has 65 indicators on the theme of "market access", of which 19 indicators are set by legal restrictions on enterprise access, 10 indicators are specifically set for foreign-funded enterprises, and there are also 2 indicators related to foreign investment in enterprise access efficiency, accounting for nearly one-third. Second, optimize the level playing field. Promoting market competition is the theme with the most indicators in the new version of the system, with a total of 149 indicators. In addition to "fair competition", there are also 33 indicators for "promoting innovation and technology transfer". Together with efficiency indicators, the proportion reaches two-thirds. The "Action Plan" transformed the "24 Foreign Investment Policy Measures" last August into an action plan with a larger scope, greater intensity, and a higher level. In the next step, while implementing the new policy, we should combine the three dimensions of the World Bank's legal framework, public services, and efficiency evaluation, seize the policy window, and revise the provisions in the legal and regulatory system that are inconsistent with the "Action Plan" to legalize and legalize the policy.
Researcher at the National (Beijing) Institute for Opening-up and Professor Lu Haijun of the Law w88 casino
Comprehensively improve the level of intellectual property protection and strive to create a high-quality foreign investment environment
Intellectual property rights are an important bargaining chip for foreign-invested enterprises to participate in host country market competition. High-level intellectual property protection has a significant role in stimulating innovation, building brands, standardizing market order, and expanding opening up to the outside world. The "Action Plan" further consolidates the specific tasks of "strengthening intellectual property protection" and deploys a number of related tasks for administrative entities. In order to comprehensively improve the level of intellectual property protection and strive to create a high-quality foreign investment environment, the policies will be released.
Administrative entities always shoulder important missions in the intellectual property protection system. At the legislative level, intellectual property administrative regulations constitute an adaptive extension of superior laws. The "Copyright Law Implementation Regulations", "Patent Law Implementation Rules" and "Trademark Law Implementation Regulations" and other regulations have enhanced the predictability of intellectual property judicial and law enforcement, and provided legal guarantees for effectively improving the quality and effectiveness of intellectual property protection for foreign-invested enterprises and consolidating the confidence of foreign investment in the development of China. At the law enforcement level, administrative protection of intellectual property rights has the natural advantages of high efficiency and low cost. It can overcome the chronic problems of high intellectual property infringement and difficulty in rights protection to a certain extent, properly safeguard the legitimate interests of foreign-invested enterprises, and help continue to build a first-class business environment.
Providing foreign-invested enterprises with high-level intellectual property protection in accordance with the law and in a reasonable manner is a necessary condition for solidly promoting high-level opening up to the outside world and making greater efforts to attract and utilize foreign investment. Carrying forward the past and looking forward to the future, the "Action Plan" directly addresses the pain points of intellectual property protection for foreign-invested enterprises. It not only points out the direction for administrative entities to actively act, but also sets out expectations for gradually improving domestic regulations on intellectual property and better connecting with international high-standard intellectual property rules.
Associate Professor Gong Di, National Institute of Opening-up (Beijing) and w88 casino of Finance
Expand high-level opening up to the outside world with a more positive attitude and a more open mind, and attract and utilize foreign investment
The 2023 Central Economic Work Conference pointed out that we will expand high-level opening up to the outside world, consolidate the fundamentals of foreign w88 and foreign investment, continue to build a market-oriented, legalized, and international first-class business environment, and create the "Invest in China" brand. The "2024 Government Work Report of the State Council" proposes to "expand high-level opening up to the outside world and promote mutual benefit and win-win results. Actively align with high-standard international economic and w88 rules and steadily expand institutional opening up." The current globalization process is advancing in twists and turns, and the risk of decoupling and breaking links cannot be ignored. Faced with the current complex and severe external environment, the Action Plan proposes 24 specific measures in 5 aspects to enhance the confidence of foreign investors in investing in China with practical actions. Especially in the financial field, the market access of foreign-funded financial institutions will be further expanded, the business scope of foreign-funded financial institutions' participation in the domestic bond market will be expanded, and financial support will be increased to enhance the convenience of foreign exchange business.
Foreign investment is an important force in participating in Chinese-style modernization and promoting the common prosperity and development of the Chinese economy and the world economy. China is the world's largest market with the greatest growth potential. It has a high-quality workforce and the world's most complete industrial system. It has significant advantages and broad space for attracting foreign investment. The recently introduced visa and payment facilitation policies for foreigners coming to China have achieved positive results, facilitating personnel exchanges and demonstrating China's image as an open and inclusive country. It is believed that the series of measures in the financial field of the "Action Plan" will further expand institutional openness, improve the level of financial openness to the outside world, demonstrate China's more active posture and more open mind, and enhance the confidence of foreign-funded institutions that "investing in China is investing in the future."
