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China Intends To Formulate New Policies And Support Enterprises To "Go Out"

2011/8/4 17:34:00 30

Yu Jianhua, Assistant Minister of Commerce of China, said in Beijing on 27 July that the Ministry of Commerce was working on some new developments.

policy

To support qualified Chinese enterprises to "go out".

He also predicted that China's foreign investment will maintain rapid development momentum in the next few years.

At a news conference held by the Ministry of Commerce today, Yu Jianhua said that the Ministry of commerce is studying and formulating a new policy to support "going out" of Chinese enterprises, mainly to increase the level of legal protection and public services, and to strengthen the assessment of the investment environment of the country, including economic and security assessments.

Yu Jianhua said that the Ministry of Commerce will continue to improve China's foreign investment support policy in the aspects of finance, taxation, finance, insurance, foreign exchange and entry and exit, and constantly provide multi-directional and targeted public services, encourage enterprises to actively and orderly conduct pnational operations, and help more qualified enterprises "go out".

According to statistics, in the first half of this year, Chinese investors made direct investment in 2169 overseas enterprises in 117 countries and regions in the world, totaling $23 billion 900 million in non financial foreign direct investment, an increase of 34% over the same period last year.

In absorbing foreign capital, Yu Jianhua said that in order to improve the investment environment, the Ministry of Commerce will further decentralize the examination and approval authority, place a large part of the matters previously approved by the Ministry of Commerce, and simplify the examination and approval procedures, shorten the time of examination and approval, and facilitate investment facilitation.

Yu Jianhua said that China's relevant departments are revising the catalogue of foreign investment industry guidance, aiming at further opening wider to the outside world and guiding foreign businessmen to invest in high-end manufacturing, high-tech industries, modern service industries, new energy sources and energy conservation and environmental protection industries.

According to Yu, China's external absorption in 2010

foreign capital

Ranking second in the world and the first in developing countries, this is the top nineteenth in the developing countries in the past nineteenth years.

In 2010, the actual absorption of foreign capital in the non-financial sector of the country exceeded 100 billion US dollars, reaching 105 billion 740 million US dollars, an increase of 17.4% over the same period last year.

It is understood that in order to promote mutual investment, China will also hold the fifteenth China International Investment and Trade Fair in September this year.

It is the only national investment promotion activity in China to promote two-way investment.

This session will hold a series of "China Africa investment high level seminar" to build Sino African Economic and trade cooperation.

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