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Chinese trade promotion council to implement multiple measures for better dev. of foreign-funded enterprises in China

March 01, 2024


Abstract : The China Council for the Promotion of International Trade (CCPIT), a national foreign trade and investment promotion agency, said Wednesday that it will introduce a slew of measures in 2024 to better serve foreign-funded enterprises in China, reported Economic Information Daily Thursday.

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An aerial drone photo shows a cargo ship docking at Qingdao Port, east China's Shandong Province, Feb. 11, 2024. (Xinhua/Li Ziheng)

BEIJING, March 1 (Xinhua) -- The China Council for the Promotion of International Trade (CCPIT), a national foreign trade and investment promotion agency, said Wednesday that it will introduce a slew of measures in 2024 to better serve foreign-funded enterprises in China, reported Economic Information Daily Thursday.

Specifically, a series of local visit activities for foreign-funded enterprises will be launched, introduced CCPIT spokesperson Yang Fan at a press conference, noting that the first such visit will be held in south China's Hainan Province in mid to late March, including dialogues with the government, industry inspection and business exchanges, which will effectively help foreign-funded enterprises seize opportunities in the Hainan Free Trade Port.

Besides, CCPIT will continuously collect demands of foreign-funded enterprises and promote solutions, and foreign-funded enterprises can reflect their demands through various channels such as CCPIT special work teams for foreign-funded enterprises, CCPIT's "Invest China" platform, and symposiums on foreign-funded enterprises, etc., according to Yang.

Yang noted that CCPIT will also carry out in-depth survey on the business environment for foreign investment to get to know the current development and expectations of foreign-funded enterprises in China, propose policy recommendations and help build a market-oriented, law-based and world-class business environment.

It is noteworthy that at the national level, more deployments will be made to attract and utilize foreign investment. A recently-convened State Council executive meeting pointed out to enhance foreign investment service guarantee from market access expansion, fair competition environment optimization and smooth flow of elements of innovation, in a bid to cement foreign investors' confidence in China and improve the quality and level of trade and investment cooperation.

The Ministry of Commerce also said recently that it will continue to promote the implementation of the 24 pro-foreign investment measures, give full play to the role of the roundtable meeting for foreign-funded enterprises, and continue to optimize the business environment to make China remain a cross-border investment hot spot.

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: foreign investment foreign-funded enterprises

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