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: 五月色网站 | 亚洲精品久久 | 日韩精品一区二区在线观看 | 精品免费久久久久欧美亚一区 | 中文字幕乱码视频32 | 真实做爰对白录音 | 国产亚洲第一伦理第一区 | 日日干干夜夜 | 在线精品亚洲欧美日韩国产 | 国产精品视_精品国产免费 亚洲综合在线另类色区奇米 | 亚洲一区免费在线观看 | 波多野结衣精品一区二区三区 | 国内精品久久久久 | 91视视频在线观看入口直接观看 | 欧美色性| 免费黄色福利 | 国产在线网址 | 亚洲欧美日韩综合一区久久 | 性欧美一区 | 天天射夜夜骑 | 亚洲激情小视频 | 国产精品亚洲第一区二区三区 | 久草在线在线精品观看 | 国产精品福利视频手机免费观看 | 草樱av | 午夜深夜福利网址 | 9久久99久久久精品齐齐综合色圆 | 免费xxxx日本大片在线观看 | 国产精品国产成人国产三级 | 国产精品日韩在线观看 | 色综合美国色农夫网 | 亚洲人成在线播放 | 2022国产成人福利精品视频 | 男女啪啦猛视频免费 | 欧美三级 在线播放 | 欧美第一色 | 我要色综合网 | 一级做a | 不用播放器的av | 亚洲综合久久久久久888 | 日韩欧美一区二区三区免费观看 |