We will comprehensively review policies and measures that impede fair competition

Whether foreign investment can develop steadily is an important sign to test the business environment. The new action plan makes it clear that it will clean up behaviors and policy measures that violate fair competition. Timely handle the discriminatory acts against foreign-invested enterprises in government procurement, bidding and bidding, qualification licensing, standard setting, subsidies and other UR8FH aspects reported by business entities, notify the responsible entities and rectify within a time limit. We will accelerate the formulation and introduction of standards for government procurement of domestic products, and in government procurement activities, products produced by domestic and foreign enterprises that meet these standards will be treated as equals. We will comprehensively review policies and measures that impede the unified market and fair competition.

Tian Xuan, deputy dean of Tsinghua University’s Wudaokou School of Finance, told the 21st Century Business Herald that for some foreign-invested enterprises and private enterprises that have been subject to regulatory penalties due to non-compliant operations in the past two years, targeted policies such as supporting and encouraging them to go public through domestic and foreign capital markets should be adopted on the premise that they have completed compliance rectification and met compliance requirements. It clearly shows its attitude of support for the compliance business exhibition industry and forms a publicity demonstration effect.

UR8FH

The action plan also proposes to make it easier for foreign investors to apply for visas to China, and the validity period of visas for managers and technicians of foreign-invested enterprises and their accompanying spouses and minor children will be relaxed to two years. We will accelerate the resumption of international flights at key aviation hubs such as Beijing, Shanghai and Guangzhou.

“This is the easiest thing to improve, and the one that needs to be improved most immediately.” Zhang Yansheng, chief researcher of the China Center for International Economic Exchanges, told the 21st Century Business Herald that the current top priority for stabilizing foreign investment is to put business visa, online payment and other facilitation measures in place to minimize the excess UR8FH concerns of foreign investment in China. The greater China’s market economy and openness, the easier international cooperation will be.

“In the long run, China’s ultra-large market advantages, complete industrial chain and supply chain system, a large number of high-quality human resources, long-term stable social environment and continuously optimized business environment will provide broad development opportunities for domestic and foreign enterprises, and China will remain a hot land for foreign enterprises to invest and start business.” Li Chao said.