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      Ministry of Commerce: encouraging items will be added to the catalogue of foreign investment industr

      Date:2020-09-09  Hits:16
      Wang Shouwen, Vice Minister of Commerce, said at the launching ceremony of "CIFIT" on the 8th that the Ministry of commerce is speeding up the revision of the catalogue of industries encouraging foreign investment, which will greatly increase the items of encouragement and support more foreign-funded enterprises to enjoy relevant preferential policies.

      Novel coronavirus pneumonia is China's international investment and Trade Fair Organizing Committee to actively respond to the impact of the new crown pneumonia epidemic, resolutely implement the Central Committee's efforts to stabilize foreign trade and stabilize foreign investment and "new exhibition service mode". Through the cooperation with Alibaba group, we will upgrade the "online CIFIT" which has been built and operated for 10 years, use new technologies, endow new contents and introduce new mechanisms, establish a new cloud investment promotion platform - "CIFIT", open a new mode of online and offline integration, and make the "never ending CIFIT" show a new look.

      Novel coronavirus pneumonia epidemic is popular worldwide this year, Wang Shouwen said at the ceremony on the Internet. The world economy is in a low state. Protectionism and unilateralism are rising. The global market demand is insufficient. International investment cooperation is facing a serious and complicated situation. The State Council has issued a series of policies and measures to stabilize foreign trade and foreign investment to help enterprises find new opportunities from the crisis and open up new situations in the changing situation.

      According to the data, in the first seven months of this year, China's actual use of foreign capital reached 535.6 billion yuan, an increase of 0.5% year-on-year. A number of major foreign investment projects were speeded up. In July, the actual use of foreign capital increased by 15.8% year-on-year, and the positive growth of foreign capital absorption was realized for four consecutive months.

      Wang Shouwen stressed that the Ministry of Commerce will continue to implement the negative list of foreign investment access, expand the scope of encouraging foreign investment, and let more foreign-funded enterprises share the Chinese market and China's opportunities. At the same time, we will further establish and improve the foreign investment service system, help solve the difficulties and problems in the operation of foreign-funded enterprises, earnestly implement the foreign investment law and its supporting provisions, and create a stable, fair, transparent and predictable business environment.

      "We will step up the implementation of various policies and measures to achieve results, firmly stabilize the basic market of foreign trade and foreign investment, create new advantages in international cooperation and competition by opening to the outside world at a high level, and promote the formation of a new development pattern with domestic large cycle as the main body and domestic and international dual circulation promoting each other." Wang Shouwen said.
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