On February 26, the National Television and Telephone Conference on Foreign Investment Work was held in Beijing. The main task of the meeting is to thoroughly implement the spirit of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China and the Central Economic Work Conference, implement the requirements of the national business work video and telephone conference, and study and deploy the work of stabilizing foreign investment throughout the year. Wang Wentao, Secretary of the Party Leadership Group and Minister of the Ministry of Commerce, attended the meeting and delivered a speech.
Wang Wentao pointed out that in 2020, the work of stabilizing foreign investment was strong and effective, and three historic breakthroughs were achieved: the absorption of foreign investment in the non-financial sector grew against the trend, reaching a record high, the global proportion exceeded 10% for the first time, becoming the largest foreign capital inflow country, and the investment structure continued to be optimized, and the proportion of high-tech industries in the country’s foreign investment absorption reached a historical high of 29.6%.
Wang Wentao stressed that the work of foreign investment during the “14th Five-Year Plan” period is facing a new situation. This year, there are many uncertainties in the changes in the epidemic situation and the external environment, cross-border investment continues to be weak, and the adjustment and restructuring of international industrial and supply chains are accelerating. At the same time, China’s institutional advantages are significant, the economy is improving for a long time, the market growth potential is large, and the industrial chain is resilient, which has a solid foundation for stabilizing foreign investment. Local commerce authorities should have a deep understanding of the new contradictions and challenges encountered in foreign investment work, and accurately grasp the new opportunities and new requirements.
Wang Wentao demanded that the competent departments of commerce in all localities should follow the decisions and arrangements of the CPC Central Committee and the State Council, base themselves on the new stage of development, implement the new development concept, promote the work of foreign investment to get off to a good start, and make positive contributions to building a new development pattern and taking the first step and seeing the new atmosphere. First, we will make every effort to stabilize the basic market of foreign trade and foreign investment. Make good use of the existing open policies and bail-out policies for enterprises, give full play to the leading role of open platforms, optimize the industrial structure and regional layout, and optimize the structure and improve the quality on the basis of stabilizing the total amount. Second, greater efforts should be made to improve the business environment. Implement the Foreign Investment Law, accelerate the reform of “delegating power, delegating power, delegating power, and improving services”, give full play to the role of the coordination mechanism for foreign trade and foreign investment and the special working group for key foreign investment projects, strengthen service guarantees, promote the negotiation and signing of more high-standard economic and trade agreements, and continue to optimize the internal and external environment. The third is to coordinate openness and security. We will unswervingly expand high-level opening-up, improve the pre-establishment national treatment plus negative list management system, promote the continuous lowering of the entry threshold for foreign investment, and strengthen supervision during and after the event, strengthen security risk prevention, and escort high-level opening-up. Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, attended the meeting and made a concluding speech, making specific arrangements for stabilizing foreign investment in 2021. The main responsible comrades of the commercial departments of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan, and the Xinjiang Production and Construction Corps attended the meeting.
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At the meeting, Sheng Qiuping, Director of the Department of Commerce of Zhejiang Province, made an exchange speech on behalf of the Department of Commerce of Zhejiang Province on the theme of “Innovating Mechanisms, Implementing Precise Policies and Continuously Building High-quality Foreign Investment Clusters”. Wang Jian, deputy director of the department, Hu Zhenfang, deputy director of the Ministry of Commerce, Zhou Guanchao, deputy commissioner of the special office of the Ministry of Commerce in Hangzhou, and heads of relevant departments of the department, business research institutes, and promotion centers attended the meeting.
After the meeting, Sheng Qiuping put forward clear requirements for doing a good job in stabilizing foreign investment this year. He stressed that there should be a risk awareness of “not being in the forefront is backward”, and it is necessary to strengthen the overall planning of the province’s use of foreign investment, fully mobilize the enthusiasm of the personnel of the province’s investment promotion agencies, tighten the work, take the initiative to benchmark advanced provinces and cities, highlight the door-to-door investment, point-to-point investment, and precise investment, and make full use of Zhejiang’s digital advantages, give full play to the advantages of the open platform of the development zone and the pilot free trade zone, and highlight the high-quality foreign investment attraction.
(Contributed by the Foreign Investment Office)