日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Doors open wider for FDI to help world recover

By Li Dawei and Chen Dapeng | China Daily | Updated: 2021-01-18 11:30
Share
Share - WeChat
[CAI MENG/CHINA DAILY]

On Dec 28, China's National Development and Reform Commission and the Ministry of Commerce released an updated version of the Catalogue of Industries for Encouraging Foreign Investment, extending the favorable policies to more industries.

This is the first revision of the catalog whose inaugural edition was published in 2019. There are now 1,235 items in the updated catalog, with 127 items newly added and 88 revised.

The revised catalog prioritizes foreign investments in high-tech manufacturing and high-end producer services, and enlarges the secondary catalog applicable specifically to central and western provinces and autonomous regions.

It is a fresh sign of China's determination to build an open economy and promote economic globalization in the pandemic era and amid waves of anti-globalization sentiments.

The revision is expected to further integrate foreign enterprises into the new development paradigm.

It will likely also help improve the structure and quality of foreign capital, promote high-quality development and drive the recovery of the world economy faced with profound changes unseen in a century.

More industries are now eligible for foreign investment and favorable policies such as import duty exemption on self-use equipment, land supply support and land price discount, as well as tax rate cut for investments in central and western provinces and autonomous regions.

The revised catalog is expected to make a positive difference to the Chinese economy as well as the rest of the world in four important ways:

First, the revision will help stabilize foreign investment and promote globalization in the face of COVID-19. The COVID-19 outbreak in 2020 severely blocked the cross-border movement of people, goods and capital and led to a sharp contraction of global foreign direct investment.

According to the United Nations Conference on Trade and Development, global FDI dropped by 49 percent in the first half of 2020.

China acted quickly to bring the pandemic under control and took full advantage of its strong support system for industries and a vast domestic market to attract foreign investment.

The Chinese government vowed to extend the catalog shortly after the pandemic outbreak and published a draft version in July to consult foreign companies, chambers of commerce and trade, and the general public.

Its final release vividly demonstrates China's attitude toward promoting economic globalization in the spirit of openness, inclusiveness and a win-win philosophy.

The larger goal is to power the recovery of the global economy while improving its own economic structure.

Second, the revision will promote the modernization of China's industrial and supply chains. In full cooperation with local companies, a large number of foreign enterprises have been playing an active and indispensable role in fostering high-quality industrial clusters in various fields like information technology, new energy vehicles, machinery equipment as well as textile and apparel, significantly contributing to the modernization of China's industrial system.

In the proposals for formulating the 14th Five-Year Plan (2021-25) for national economic and social development and the long-range objectives through the year 2035, it is emphasized that the country needs to strengthen international cooperation on industrial network security and establish modern industrial and supply chains that are more innovative, higher value-added, safer and more reliable.

The revision fully implements this philosophy, prioritizing foreign investment in key inputs covering raw materials, components and spare parts as well as equipment.

For example, the revision adds to the catalog key raw materials like high-purity electron-grade hydrofluoric acid, polyvinyl polyamine and high-performance fiber, key components and spare parts such as high-pressure vacuum components, special valves and special glasses, key equipment such as integrated circuit test equipment, high-end manufacturing equipment and hardware related to L3/L4/L5 autopilot.

Encouraging foreign investment in these industries will help reinforce the strengths of China's industrial network while overcoming its weaknesses, thus promoting the upgrade of the industrial and supply chains.

Third, the revision will facilitate the high-quality development of the services sector and promote industries toward higher value-added links in the smile curve. (A smile curve is a graph measuring an industry's value on the y-axis against the value chain on the x-axis.)

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 青娱乐伊人| 奇米影视在线 | 亚洲高清国产品国语在线观看 | 亚洲国产中文字幕 | 久草久草久草 | 1级片在线观看 | 在线色网 | 99视频在线| 毛片免费观看视频 | 亚洲精品视频久久 | 久久蜜桃亚洲一区二区 | 91在线精品秘密一区二区 | 99视频有精品视频免费观看 | 国产自啪啪 | 亚洲一区二区三区久久 | 久久综合图区亚洲综合图区 | 全免费午夜一级毛片一级毛 | 久久久久无码国产精品一区 | 成人自拍视频网 | 亚洲精品一区二区 | 日日夜夜精品视频 | 久久影院一区二区三区 | 亚洲乱码视频在线观看 | 小明台湾www永久视频 | 最新日本中文字幕在线观看 | www.天天草 | 五月色播影音在线观看 | 久久精品免费 | 热伊人99re久久精品最新地 | 免费一区 | 永久免费在线播放 | 久久精品视频在线看99 | 亚洲欧美综合日韩字幕v在线 | 蜜桃av一区二区三区 | 欧美性xxxx交| 中国一级特黄真人毛片免费看 | 日本激情网 | 久操伊人 | 国产三级做爰在线观看∵ | 97超视频在线观看 | 日本高清视频不卡 |