The Foreign Investment Law has been implemented for more than a year to ensure that the use of foreign capital increases by 4.5% against the trend |

Original title: More than one year after the implementation of the Foreign Investment Law, the use of foreign investment has bucked the trend and increased by 4.5%

On February 28, Zang Tiewei, spokesperson of the Legal Work Committee of the Standing Committee of the National People’s Congress, introduced the implementation of the Foreign Investment Law for more than a year.

Zang Tiewei said that on March 15, 2019, the Foreign Investment Law was reviewed and passed at the Second Session of the Thirteenth National People’s Congress, which will come into force on January 1, 2020. Against the backdrop of economic globalization encountering a counter-current and rising protectionism and unilateralism, the National People’s Congress deliberated and passed the Foreign Investment Law, and demonstrated to the world the political courage and historical responsibility of our party to carry out reform and opening up to the end. In the new era, China’s adherence to the basic national policy of opening to the outside world and the unswerving will and determination to expand opening up are of great significance and far-reaching influence.

“Since the implementation of the Foreign Investment Law for more than a year, it has created a more market-oriented, legalized, and international investment environment for foreign investors and foreign-invested enterprises, which effectively guarantees that my country’s use of foreign capital will increase by 4.5% despite the huge challenge of the new crown pneumonia epidemic. , The scale of foreign investment and the global share reached a record high, becoming the world’s largest foreign capital inflow country, and 51,000 new foreign-invested enterprises were established throughout the year, helping the “13th Five-Year Plan” to be successfully concluded.” Zang Tiewei said.

Zang Tiewei said that the implementation of the Foreign Investment Law has achieved remarkable results, showing the characteristics of “five changes”. One is that foreign investment is more free. The pre-access national treatment plus negative list management system has been implemented in depth, and restrictive measures have been compressed. At the same time, investment subjects are more independent in their choices. The Foreign Investment Law opens the door for Chinese natural persons to directly participate in foreign investment. In 2020, foreign investors and Chinese natural persons will establish joint ventures with nearly 9,000 foreign-funded enterprises. Second, investment activities are more convenient. Completely cancel the approval and filing of the establishment and change of foreign-funded enterprises in the commercial field, implement an information reporting system, and “two changes in one” in the establishment and management of foreign-funded enterprises. Further simplify the filing and approval procedures for foreign investment projects, and optimize the entire process of services for foreign investment projects. The third is a more complete service system. Under the State Council’s foreign trade and foreign investment coordination mechanism, a special class for key foreign investment projects will be established to form a horizontal and vertical linkage service system. The central level helped to solve 252 difficult problems such as shortage of epidemic prevention materials, poor cross-border logistics, and coordinated resumption of work between upstream and downstream as reported by foreign-funded enterprises. Fourth, the protection of rights and interests is more effective.”Foreign Investment EnterpriseComplaint“Working Measures”, the compilation and publication of the directory of complaint agencies in various regions, the complaint channels for foreign-funded enterprises are more smooth and convenient, and the process is clearer and operable. Fifth, market competition is fairer. The Foreign Investment Law provides a solid legal guarantee for foreign-funded enterprises to participate in government procurement and bidding on an equal footing. Relevant competent authorities shall stop abuse of administrative power in the field of government procurement and bidding to eliminate and restrict competition in accordance with the law, thus effectively maintaining fair competition order.