BEIJING, Oct. 16 (Xinhua) -- A series of policies have been recently introduced and quickly implemented by China's central government and local governments to attract foreign investment.
Besides, the plan on building south China's Hainan Province into a pilot free trade zone is about to release soon, reported the Economic Information Daily quoting an authoritative source. Investment liberalization and facilitation are highlighted. It is expected to see many breakthroughs in market excess and administrative procedure streamlining.
In addition, China further carries out its opening-up advantages in foreign trade zones by continuing to attempt system innovations and quickening to promote its reform pilot experience.
With the release of many preferential policies in market access, finance, tax, land usage, gas and labor force, China has become an increasingly appealing market to foreign investors. It is of great significance to optimize institutional environment and stabilize existing foreign investment, according to experts.
Priority should be given to the establishment of a fair competition system so as to ensure that state-owned enterprises, private enterprises and foreign enterprises are treated as equals, noted Cui Fan, professor with the School of International Trade and Economics of University of International Business and Economics (UIBE).
Short-term preferential policies are insufficient to stabilize foreign direct investment. China should make efforts to strengthen property rights protection, increase transparency, encourage competition and go against monopoly, pointed out Wang Yanwu, associate professor with the Center for Macroeconomic Research of Xiamen University. (Edited by Gu Shanshan, Zhang Yuan, zhangyuan11@xinhua.org)
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