China further relaxes control on market access for foreign investment

China will further shorten the negative list for access of foreign investment and open up more industries to foreign investment, so that foreign investment in more areas can enjoy the preferential policies including tax incentives equally, according to the executive meeting of the State Council hosted by Premier Li Keqiang on March 10.

China will further shorten the negative list for access of foreign investment and open up more industries to foreign investment, so that foreign investment in more areas can enjoy the preferential policies including tax incentives equally, according to the executive meeting of the State Council hosted by Premier Li Keqiang on March 10.

The meeting also highlights that recent tax and fee relief policies designed to help companies in difficulty should equally apply to both domestic and foreign-invested enterprises.

On the same day, the National Development and Reform Commission revealed that it would revise the foreign investment catalog with related departments, focusing on promoting the high-quality development of the manufacturing industry, spurring the potential of undertaking capacity of industrial relocation in the central and western as well as the northeast regions, and further expanding the scope of encouragement to promote foreign investment.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/china-further-relaxes-control-on-market-access-for-foreign-investment/.

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