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In the face of the increasing downward pressure on the economy, the Sino US trade frictions that have lasted for more than one year remain unresolved. China's "six stability" work is not loose, but the third and fourth are "stabilizing foreign trade" and "stabilizing foreign investment". In order to create a paradise for foreign investment and ensure its national treatment, China has issued opinions on further improving the utilization of foreign investment; this is also the fourth State Council document on stabilizing foreign investment issued by China in three years from 2017 to now.
Wang Shouwen, Vice Minister of Commerce of the people's Republic of China, pointed out at the briefing held by the State Council's new office on Tuesday afternoon that with the focus on creating an open, transparent and predictable environment for foreign investment, China has put forward 20 measures to stabilize foreign investment in four aspects: deepening opening up, increasing investment promotion, deepening investment facilitation reform and increasing the protection of the legitimate rights and interests of foreign investment.
"Since this year, China has introduced a series of measures, including the foreign investment law, the new negative list of foreign investment access, and the establishment of a new pilot Free Trade Zone, which have played a positive role in stabilizing the scale and improving the quality of foreign investment. In order to achieve the goal of stabilizing foreign investment, the State Council issued opinions and put forward a number of new policies and measures systematically. " He said.
According to its introduction, from January to September this year, China's utilization of foreign investment reached US $100.8 billion, a year-on-year increase of 2.9%. The scale was stable, and the structure was optimized, which reflected that the utilization of foreign investment in high-tech industries has accounted for 30% of the overall utilization of foreign investment, with an increase rate of 35%.
Wang said that China has a huge domestic market, which is very attractive to foreign investors, and has a very good, stable, transparent and predictable environment for foreign investment laws and regulations; China has increased efforts to protect intellectual property rights, with very good infrastructure, industrial support, and a rich and high-quality labor supply, which are very attractive to foreign investors.
"On the whole, we are confident in stabilizing the scale and adjusting the structure of foreign investment this year, and optimistic about the prospect of attracting foreign investment in 2020." He said.


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