Guiding Overseas Investment

Detailed tasks have been assigned to different government departments to attract and utilize foreign capital In line with China's economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and direct such investment to China's central and western regions. Now,a new scheme is demonstrating the Chinese Government's determination and confidence to further improve the investment environment for foreign capital and en...     

关于进一步做好利用外资工作的若干意见

Utilizing foreign capital is the important content in China's basic state policy of opening up to the outside world. China has positively been attracting foreign investment and promoted industrial upgrad-ing and technical progress since the opening up, with foreign-invested enterprises being the important component of the national economy. At present, Chinese advantage over utilizing foreign capital remains obvi-ous. For the purpose of raising the quality and level of utilizing foreign capital and better giving full play to utilizing foreign capital in boosting scientific innovation, industrial upgrading and regional coordinated and balanced development, the following opinions are hereby put forward:     

On the Way to Going Global

China has become one of the major destinations for foreign investment in the world today. Statistics from the Chinese Ministry of Commerce indicate that some $60.5 billion worth of foreign investment had been brought to the country in 2005. This large-scale utilization of foreign capital has greatly fueled local economic growth and integrated China even more into the global economy.     

MARKET WATCH

TO THE POINT:For the fifth time in four months, the central bank slashed benchmark interest rates by 0.27 percentage points and reduced the reserve requirement ratio by another 0.5 percentage points to boost invest-ment. The government, in the wake of plummeting international crude oilprices, lowered refined oil prices for the first time this year. China's foreign reserves shrank due in part to the outflow of foreign capital and the depre-ciation of the euro. The government adopted new measures such as rais...     

Legal-Ease Beijing & Northeast China Investment Facts

Beijing and northeast China are fast becoming areas of growing interest to international investors. Here we highlight some aspects of cities in northeast China and consider the options for setting up business in the capital. Beijing investment zones identified China's development zones generally offer foreign investors better infrastructure, lower tax and other incentives, and much higher levels of service support than elsewhere in the country. The table here lists the main investment zones in Beijing itself.     

First China-Arab Friendship Conference Held in Khartoum

The first China-Arab Friendship Conference sponsored by the China-Arab Friendship Association(CAFA) and the League of Arab States(LAS),supported by the foreign ministries of China and Arab countries and organized by the Sudanese Council for International People's Friendship was held in Khartoum,capital of Sudan from November 28 to 29,2006.Being the first gathering of the Chinese and Arab friendship organizations,the Conference is of great significance and a new milestone in the history of the friendly people-to-people exchanges between China and Arab countries.     

An International Platform of Consumption

The first China International Consumer Products Expo is to be held in Haikou.the provincial capital of Hainan Province,from May 7 to 10.The event joins China Import and Export Fair(Canton Fair)and China International Import Expo,as one of China's leading international commercial and trade events.China has been constantly working to foster the development of foreign trade platforms around a variety of themes that cater to the demands for development that occur at different times.     

Are M&As Suffocating Chinese Business?

A series of recent foreign capital mergers and acquisitions (M&A) of Chinese businesses has raised concern about China's economic security. Will these actions damage China's national interests and is it necessary for China to set a bottom line in this field? Yang Fan, a professor at the China University of Political Science and Law, and He Maochun, Director of the Research Center of Economy and Diplomacy, Tsinghua University, were recently published in the Global Times, analyzing the impact of foreign M&A deals on China's economy from different perspectives. The following are excerpts from their commentaries:     

Adapting to A New World

<正>Guangdong could be an ideal testing ground for economic innovation By Bryan Michael Galvan Captains of foreign industries gathered at the warm capital of south China’s Guangdong Province,Guangzhou,to set forth plans for increased investment and cooperation in China.This year,"innovation"was the most repeated topic at the     

Going Rural

Foreign banks are beginning to invest in China's rural financial system, helping to meet a strong need for capital As Chinese commercial banks retreat from the rural market, foreign banks appear ready to jump into a sector with a strong thirst for capital. In July, Rabobank Group, the International Finance Corp. and the United     

A SAFETY SHOT

正A foreigner replies to a query about his medical history at a vaccination site in Hefei, capital of Anhui Province, on May 12.With the COVID-19 vaccination underway for foreign residents based on principles of voluntary application and informed consent, many people have voluntarily started getting the jabs and a large number have already received the two shots prescribed.     

I Live by the Songhua River

HAVING worked in the television industry for 15 years, I've been to various Chinese, European and American cities, but of all of them I like my hometown, Harbin in Northeast China's Heilongjiang Province, the best. My affection stems neither from Harbin's beauty nor my nostalgia, but from the city's distinctive glamour.Harbin's unique culture came into being because of two major events: the Niizhen, ancestors of the Manchu ethnic group, establishing their capital in what is now Harbin 800 years ago, and the influx of foreign immigrants in the 20th century. Both of these groups introduced distinct cultural elements to Harbin.     

Foreign Investment Welcome

BusinessWeek recently published an article reporting that China is becoming hostile to foreign capital and that China's policy on foreign investment will change to reflect that attitude. Yi Xianrong, a researcher at the Institute of Finance and Banking of the Chinese Academy of Social Sciences, explains China's position in an article posted on People's Daily Online.     

More Rational Distribution.of FDI in China

THE Global Investment Trend Monitor released last October by the United Nations Conference on Trade and Development(UNCTAD)revealed that China had surpassed the U.S.in the first half of 2012 as the world’s largest recipient of foreign direct investment(FDI).The statement was corroborated by figures from China’s Ministry of Commerce:in the first three quarters of 2012,the foreign investment China’s mainland used in real terms added up to US $83.42 billion.Though this marks a 3.8 percent dip compared with the same period in 2011,the sum going into the service industry(excluding real estate)picked up.Meanwhile,transnational corporations built more R & D centers and regional headquarters in the country,signifying their confidence in China’s investment environment and prospects for growth.The continued influx of global capital,technology and professionals led to more rational distribution and structure of FDI in China.     

Guiding Investment

正Updated policy will yield win-win results for foreign investors and China As part of ongoing efforts to attract foreign capital into China,the Central Government has adopted more open policies toward potential overseas investors.     

Confidence Crises Threaten Chinese Listings Abroad

FOREIGN capital markets appeal strongly to Chinese enterprises for their scale,high efficiency and good services.Chinese enterprises now seek listings on foreign stock exchanges as the best way to do business abroad,the United States the most favored destination.In 2013,66 Chinese enterprises were listed abroad,accounting for 15.1 percent of the global total of newly listed     

Same Game, New Rules Define Foreign Business Opportunities

FOREIGN investment has provided much of the fuel for China’s economic rise over the past 30 years, with its infusions of capital, technology and modern management concepts. In China’s manufacturing powerhouses - the Pearl River Delta and the Yangtze River Delta - a good portion of local factories whose products are made for export are foreign-funded. These foreign businesses, and the legions of their counterparts in the rest of the nation, are the sources of much of China’s international trade surplus, and employ tens of millions of rural workers whose factory jobs bring extra cash to their families.     

外商投资合伙企业登记管理规定

Chapter Ⅰ General Provisions Article 1 For the purpose of regulating the establishment of partnership enterprises by foreign enterprises or individuals, facilitating foreign enterprises or individuals to invest in China in the form of partnership and expanding foreign economic cooperation and technical exchanges, the Provisions shall, pursuant to the Partnership Business Law of the People's Republic of China (hereinafter referred to as Partnership Business Law), the Administrative Measures for the Establishment of Partnership Enterprises within China by Foreign Enterprises or Individuals and the Administrative Measures for the Registration of Partnership Enterprises of the People's Republic of China (hereinafter referred to as Administrative Measures for the Registration of Partnership Enterprises), be formulated.     

THIS WEEK

SEEKING THEIR ROOTS Taiwanese youth pose for picture in front of the Taihe Hall at the Forbidden City in Beijing on August 3.On that day,the 2013 Root-Seeking Tour opened in the capital.A total of 4,000 Chinese born in foreign countries as well as regions of Hong Kong,Macao and Taiwan took part in a five-day event by visiting ancestral hometowns and learning more about Chinese history and culture.     

A ‘Gold Mine’ for Foreign Investors

正In 2019,expanding foreign investment inflow was one of the bright spots in the Chinese economy,revealing that the country remains a major magnet for worldwide investors.Since the beginning of that year,China maintained a stable and upward trend in attracting foreign capital with more major foreign-invested projects worth billions or even tens of billions of dollars,said Meng Wei,spokesperson for the National Development and Reform Commission,on December 17,2019.Just a day later,128 deals with a combined investment of over 560 billion yuan($80 billion) were signed at a global investment promotion conference in Shenzhen in the southern province of Guangdong