The foreign investment law has been implemented for more than a year
Utilization of foreign capital bucked the trend and increased by 4.5%, newly established foreign-funded enterprises exceeded 50,000
Our newspaper, Beijing, March 2 (Reporter Zhang Tianpei) On February 28, Zang Tiewei, spokesperson of the Legal Work Committee of the Standing Committee of the National People's Congress, introduced the implementation of the Foreign Investment Law for more than a year.
Zang Tiewei said that on March 15, 2019, the Second Session of the Thirteenth National People's Congress deliberated and passed the Foreign Investment Law, which will come into force on January 1, 2020.
Against the backdrop of economic globalization encountering countercurrents and rising protectionism and unilateralism, the National People’s Congress deliberated and passed the Foreign Investment Law, fully demonstrating China’s determination to adhere to the basic national policy of opening to the outside world and unswervingly expanding opening up in the new era. Determination is of great significance and far-reaching influence.
"Since the implementation of the Foreign Investment Law for more than a year, it has created a more market-oriented, legalized, and international investment environment for foreign investors and foreign-invested enterprises, which effectively guarantees that my country's use of foreign capital will increase by 4.5% against the huge challenge of the new crown pneumonia epidemic. , The scale of foreign investment and the global share reached a record high, becoming the world's largest foreign capital inflow country, and 51,000 foreign-invested enterprises were newly established throughout the year, helping the '13th Five-Year Plan' to be successfully concluded." Zang Tiewei said.
Zang Tiewei said that the implementation of the Foreign Investment Law has achieved remarkable results, showing the characteristics of "five changes".
Access to foreign capital is more free.
The pre-access national treatment plus negative list management system has been implemented in depth, and restrictive measures have been compressed.
At the same time, investment entities have become more independent in their choices. The Foreign Investment Law has opened the door for Chinese natural persons to directly participate in foreign investment. In 2020, foreign investors and Chinese natural persons will establish joint ventures with nearly 9,000 foreign-funded enterprises.
Investment activities are more convenient.
Completely cancel the approval and filing of the establishment and change of foreign-funded enterprises in the commercial field, implement an information reporting system, and "two changes in one" in the establishment and management of foreign-funded enterprises.
Further simplify the filing and approval procedures for foreign-funded projects, and optimize the entire process of services for foreign-funded projects.
The service system is more complete.
Under the State Council's foreign trade and foreign investment coordination mechanism, a special class for key foreign investment projects will be established to form a horizontally coordinated and vertically linked service system.
The central level helped solve 252 difficult problems such as shortage of epidemic prevention materials, poor cross-border logistics, and coordinated resumption of work between upstream and downstream that foreign-funded enterprises reported.
Rights protection is more effective.
The "Measures for Complaints by Foreign-invested Enterprises" was issued, and the directory of complaint agencies in various regions was compiled and published. The complaints channels for foreign-funded enterprises were more smooth and convenient, and the procedures were clearer and more operable.
Market competition is fairer. The Foreign Investment Law provides a solid legal guarantee for foreign-funded enterprises to participate in government procurement and bidding on an equal footing. The relevant competent authorities shall stop abuses of administrative power in the field of government procurement and bidding to eliminate and restrict competition, and effectively maintain the order of fair competition.