This year’s government work report clearly stated that the general manufacturing sector should be fully liberalized, and that telecommunications, medical care, education, pensions, and new energy vehicles should be opened up. The reporter learned from the Ministry of Industry and Information Technology that during the year China will also strengthen the regulatory compliance of its WTO regulations. In terms of enjoying the “Made in China 2025” policy support, the foreign-funded enterprises are treated in the same way according to the law; the internationalization of key industries is promoted, the “One Belt and One Road” initiative is actively implemented, and smart manufacturing, industrial internet, 5G, car networking, and small and medium-sized enterprises are promoted. Civil Aviation, Nuclear and Aerospace, Network Security and other areas of international exchange and cooperation.
Ning Jiyi, deputy director of the National Development and Reform Commission, said that foreign investment has become an important part of China’s economy since the reform and opening up 40 years ago. Last year, China’s newly added foreign direct investment reached US$131 billion, ranking second in the world. Foreign investment accounts for nearly 50 percent of total imports and exports. %, accounting for nearly 25% of the industrial output value, accounting for about 20% of the tax revenue, contributed more than 10% of the employment opportunities. At the same time, China's rapid economic growth has also provided good opportunities for foreign-funded enterprises.
'The effectiveness of China's foreign investment is significant, but the improvement of the investment environment is still on the way. We should soberly realize that to improve the investment environment, we must continue to make great efforts and introduce effective measures.' Ning Jixi said. According to reports, the National Development and Reform Commission will follow the Central The economic work conference and government work report require that the implementation includes building a world-class business environment, greatly relaxing market access, further revise the negative list of foreign investment, gradually expanding the negative list of the free trade zone to the whole country, and greatly increasing the opening up of the service industry. Level, fully liberalize the general manufacturing industry, in some areas to relax or cancel the restrictions on the scope of foreign investment and other initiatives.
Professor Sheng Baichuan of the University of International Business and Economics told reporters that the further opening of manufacturing to foreign investment is highly consistent with the development status of China's manufacturing industry and the international environment. It is highly relevant and reflects our tendency to strengthen the real economy and promote manufacturing upgrading. He said that after a long period of industrialization, China has formed a complete manufacturing system, and the manufacturing industry’s supporting capabilities have also been relatively complete, and it has been relatively strong in the international arena. The development of the real economy in China today is facing New problems and challenges, as well as new opportunities, under this condition, more and more Chinese manufacturing companies are seeking to use global resources, including effective cooperation with foreign capital, to consolidate the foundation of the manufacturing industry. Promote global competitiveness.