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Ministry of Commerce: The enthusiasm for foreign investment in China remains high
【2023-12-15】

"The current scale of investment attraction is still at a historical high, the structure of investment attraction is constantly optimizing, the proportion of high-tech industries is increasing, and the enthusiasm for foreign investment in China is not decreasing." Spokesperson Shu Jueting said at a regular press conference held by the Ministry of Commerce on December 14th.

Data shows that in the first 10 months, actual investment in China by Canada, the United Kingdom, France, Switzerland, the Netherlands, and others increased by 110.3%, 94.6%, 90.0%, 66.1%, and 33.0% respectively (including investment data through free ports).

Shu Jueting pointed out that China has always been committed to building a market-oriented, legal, and internationalized first-class business environment to better serve foreign-invested enterprises. The 24 measures for stabilizing foreign investment, which are well-known to everyone, are targeted policy measures that we have introduced based on extensive listening to the suggestions and demands of foreign-funded enterprises, focusing on key and difficult issues in the field of foreign investment. At present, relevant departments and local governments are making every effort to implement it, and many specific measures have been introduced recently. For example, extending the three subsidies for foreign personnel and reducing personal income tax, as well as the tax refund policy for foreign R&D centers purchasing domestically produced equipment, improving network infringement protection, implementing unilateral visa exemption policies for individuals holding ordinary passports in six countries, and facilitating visa applications for foreigners coming to China. There are still some policies in the process of formulation, such as optimizing the domestic production declaration procedures for overseas marketed drugs, standardizing and promoting cross-border data flow, etc. I believe that with the implementation of these tangible measures, the difficulties reflected by enterprises will be effectively resolved, and the environment for foreign investors to operate in China will also become better and better.

Shu Jueting stated that in the next step, we will deeply implement the spirit of the Central Economic Work Conference, expand high-level opening up to the outside world, benchmark international high standard economic and trade rules, steadily promote institutional opening up, actively respond to the demands of foreign-funded enterprises, further promote convenient exchanges between Chinese and foreign personnel, and continuously optimize foreign investment promotion and services. "We believe that more foreign-funded enterprises will choose to 'invest in China', seize the 'opportunity China', and achieve common development with 'open China'."