China News Service, Beijing, February 26 (Reporter Li Xiaoyu) Wang Wentao, the Minister of Commerce of China, said on the 26th that China has achieved a historic breakthrough in attracting foreign investment. This year, it will continue to reduce the entry barrier for foreign investment and promote the signing of more high-standard economic and trade agreements. .
Wang Wentao said at the national foreign investment work video conference held that day that China will have three historic breakthroughs in attracting foreign investment in 2020: non-financial foreign investment has grown against the trend and the scale has reached a record high; the global share exceeded 10% for the first time, becoming the largest foreign investment Inflowing countries; high-tech industries accounted for 29.6% of the country's foreign investment absorption, a record high.
However, he also said that there are many uncertainties in the changes in the epidemic this year and the external environment, the continued weakness of transnational investment, the accelerated adjustment and reconstruction of the international industrial chain and supply chain, and the new situation in foreign investment.
Wang Wentao said that in the future, the absorption of foreign capital must optimize the structure and improve quality on the basis of stabilizing the total amount.
It is necessary to make greater efforts in the business environment, implement the foreign investment law, and promote the signing of more high-standard economic and trade agreements.
In addition, it is necessary to improve the pre-entry national treatment plus negative list management system, promote the continuous reduction of foreign investment entry barriers, and strengthen supervision during and after the event.
Currently, the China-EU Investment Agreement is undergoing text review and translation.
China stated that it will strive to sign the agreement as soon as possible in accordance with established procedures.
China is also preparing to join the "Comprehensive and Progressive Trans-Pacific Partnership Agreement" (CPTPP).
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