China News Service, Beijing, July 9th (Reporter Li Xiaoyu) According to the news from the Ministry of Commerce of China on the 9th, the "14th Five-Year" Business Development Plan issued recently proposes that within five years from 2020, China will actually absorb foreign direct investment. At 700 billion U.S. dollars, the negative list of foreign investment access has been further reduced.

Data map: Busy work scene in Guangxi Qinzhou Port.

Photo by China News Agency reporter Mao Jianjun

　　The plan stated that it is necessary to continue to relax market access for foreign investment, continue to promote the expansion of manufacturing, service industries, and agriculture, and allow foreign holdings or sole proprietorship in more areas.

Promote the opening of key areas, and orderly promote the opening of related businesses in the fields of telecommunications, Internet, education, culture, and medical care.

Steadily promote the opening of the capital market, and further relax the conditions for foreign investors' strategic investment in listed companies.

　　The official clearly stated that it is necessary to improve the pre-access national treatment plus negative list management system for foreign investment, thoroughly clean up the access restriction measures outside the negative list, promote timely revision of relevant laws and regulations, strictly implement "non-prohibited entry", and ensure domestic and foreign investment in accordance with the law Equal access to areas outside the negative list.

　　In terms of post-access national treatment, the plan proposes to create a fair competition market environment for domestic and foreign companies, promote policies to ensure that foreign companies enjoy equal fiscal and taxation, and participate in government procurement, bidding, and standard setting on an equal footing, and promote fair competition between domestic and foreign companies.

Equally protect the property rights of foreign-funded enterprises in accordance with the law.

　　Since the epidemic, thanks to the accelerated economic recovery, continued expansion of opening up, and improvement of the business environment, China's absorption of foreign capital has been growing rapidly.

According to official data, China will surpass the United States for the first time in 2020 and become the world's largest foreign capital inflow country.

In the first five months of this year, China's actual use of foreign capital increased by 35.4% year-on-year, and nearly 20,000 foreign-invested enterprises were newly established.

(Finish)