Foreign trade and foreign investment has always been an important force in China's economic growth. This time, more than 80% of the items in the encouraged catalog are in the category of manufacturing and support more foreign investment in high-end manufacturing, smart manufacturing, green manufacturing and other fields.
However, due to the impact of the recent global epidemic, Tan Qi said that investors tend to be conservative in the new foreign investment arrangement in the short term. Considering that the plan to fully resume production and production may also be postponed to the second or third quarter of this year, short-term investors May be more inclined to postpone or even reconsider the global investment plan. Zhang Ting, the founder and CEO of Crayfish.io, a British company, also told the International Finance News that some foreign companies also need to wait for the epidemic in their country or region to pass before considering foreign investment.
However, Zhang Ting believes that the current time is very good. Now I am seeking revision opinions and amending the catalog to let more foreign-funded enterprises understand China's new policies. In the future, it is possible to attract more foreign investors to settle in. Tan Qi also said that in the long run, the strong cohesion and efficient execution of the Chinese society in controlling this epidemic will enable investors to see the greater potential of China as an investment destination. In the future, more high-quality foreign capital will be ready to enter the market.
2 Foreign investors enjoy policy dividends
Under the impact of the global epidemic, China's manufacturing industry has ushered in new opportunities. While developing, China also hopes to bring more policy dividends to foreign companies.
Zong Changqing, director of the Department of Foreign Investment of the Ministry of Commerce, pointed out that by expanding and expanding the encouragement catalog and increasing the encouragement areas, not only can more foreign-invested enterprises enjoy preferential policies, thereby reducing costs, adversely affecting the impact of the epidemic, but also enhancing the industry as a whole Competitiveness, further stabilizing and enhancing the capabilities and level of important industrial chains and supply chains.
In order to attract foreign investment, many incentives are clearly mentioned in this encouragement catalog, including the exemption of tariffs on imported self-use equipment within the total investment, priority is given to land for intensive land projects, and it can be no less than industrial land 70% of the minimum transfer price standard determines the land transfer floor price, etc.
Tan Qi believes that the series of preferential policies given by the state is based on the actual needs of foreign investors and aims to create a friendly investment environment for more high-quality investments. "When investors choose investment destinations, they will make comprehensive decisions based on the needs of their own supply chain layout and the position of the target region in the division of labor in the regional industrial chain. Among them, the business environment of the investment destination and the policy preferences provided by the government, etc. It is also an element of consideration in the investment location decision. The supporting preferential policies that the Chinese government can provide are conducive to increasing the attractiveness of our country to foreign investment in the overall evaluation process, and will play a positive role in attracting investment to station. "
At present, relevant departments are speeding up the preparation of the new version of the negative list of foreign investment access. The state has also made it a top priority to promote the full-scale resumption of production and production of foreign-funded enterprises, so that the bail-out policy can take effect and enhance the sense of foreign-funded enterprises.
Zhang Ting said that in addition to tax cuts and preferential policies, the relaxation of market access by the government is a good thing for many foreign investors. "For example, one of our customers is a British baby products brand that has been produced in China for more than ten years, but because of market access issues, it has not been able to sell its products in China. Therefore, if market access can be relaxed, So while foreign businessmen are producing in China, they can also sell in China, which will be a good thing for foreign businessmen. "
Some analysis pointed out that multi-faceted welfare policies can effectively help enterprises reduce institutional transaction costs. The continuous optimization of the business environment, the restrictions on the access of foreign-funded enterprises and the continuous reduction of invisible barriers to operations have allowed foreign investors to enjoy professional manufacturing in China, compete fairly with domestic-funded enterprises, share the Chinese market, and enjoy the dividends of China's development.
Contact: David Song
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