Access to scientific and technological innovation will be relaxed

Access to foreign investment has always been a “vane” for further opening up. In recent days, a number of relevant departments have made statements to accelerate the implementation of relevant measures.

Woodward 82510 The Ministry of Commerce said that together with the National Development and Reform Commission, it will work with relevant departments to revise the national version of the negative list for foreign investment access and achieve “zero” restrictions on foreign investment access in the manufacturing sector. The Ministry of Industry and Information Technology said it is ready to pilot value-added telecommunications services such as Internet data centers this year. The International Department of the People’s Bank of China proposed in a document that it will steadily expand the institutional opening of rules, regulations, management and standards in the financial sector.

This action Plan makes it clear that pilot projects will be carried out to relax access for foreign investment in the field of scientific and technological innovation. Beijing, Shanghai, Guangdong and other pilot free trade zones are allowed to select a number of qualified foreign-invested enterprises to expand pilot opening-up in the fields of genetic diagnosis and treatment technology development and application.

Woodward 82510 Zhao Fujun, a researcher at the Department of Foreign Economic Research of the Development Research Center of The State Council, said that in the field of scientific and technological innovation, market access for foreign investment has been carried out first and first, and the market opening of banking and insurance has been expanded. In addition to the introduction of tax policies, including financial policies and other policies, for the family members of executives of foreign-invested enterprises and minor children, the validity period of visa entry is relaxed to two years.

Woodward 82510

In addition, the “Action Plan” proposes to rationally reduce the negative list of foreign investment access. We will improve the management system of pre-establishment national treatment plus a negative list for foreign investment, remove all restrictions on foreign investment in the manufacturing sector, and continue to open up the telecommunications, medical and other sectors.

Woodward 82510 The comprehensive opening up of the manufacturing industry and the further opening up of the service industry are the major trends of China’s opening up to the outside world.

In this regard, Zhang Fei, deputy director of the Foreign Investment Research Institute of the Research Institute of the Ministry of Commerce, said that in recent years, the new large projects of foreign investment are mainly concentrated in automobile manufacturing, new energy, medicine and health industry fields.

According to the latest data, in January this year, the actual use of foreign investment in the manufacturing industry was 33.11 billion yuan, an increase of 20.5%, of which the actual use of foreign investment in high-tech manufacturing industry increased by 40.6%. High-tech industries attracted 39.16 billion yuan, accounting for 34.7% of the total amount of actually used foreign capital.

Cui Fan, a professor at the School of International Economics and Trade at the University of International Business and Economics, said foreign-invested enterprises are the link between domestic and international “double cycle”. Over the past period of time, there has been a strong call for opening up in areas such as biomedicine, medical care and value-added telecommunications. Through the continuous efforts of these foreign investment policies, the foreign investment situation will surely improve steadily.