新疆35选7玩法:Draft foreign investment law reflects changes in China's foreign trade

By Zhang Liying
0 Comment(s)Print E-mail www.z1ezw.cn, March 12, 2019
Adjust font size:

新疆彩票35选7 www.z1ezw.cn A draft foreign investment law submitted to the second session of the 13th National People's Congress (NPC) for deliberation reflects shifts in China's foreign trade development, said NPC deputy Huang Maoxing.

Huang Maoxing, a deputy to the 13th National People's Congress and the dean of the School of Economics at Fujian Normal University [Photo courtesy of Huang Maoxing]

Once adopted, it will become the fundamental law for China's foreign investment, according to the explanation delivered by Wang Chen, vice chairman of the NPC Standing Committee, to deputies attending an NPC plenary session.

Huang, who is also the dean of the School of Economics at Fujian Normal University, said trade in services will play an increasingly important role in China's foreign trade development, and the country is acting to further open up its financial services industry.

It is also attaching greater importance to quality rather than the quantity of foreign investment, as its economy has been transitioning from a phase of rapid growth to that of high-quality development, he said.

Huang said that all such shifts required adjustments, as the three previous separate laws on Chinese-foreign equity joint ventures, non-equity joint ventures (or contractual joint ventures) and wholly foreign-owned enterprises, could hardly keep pace with the changing economic situation.

He explained that increasing the quality of China’s foreign investment involves four main aspects, namely bringing in more resources conducive to the ongoing industrial transformation and upgrading, leveraging the role of foreign investment in forcing various domestic service sectors to enhance their competitiveness in the global market, attracting more high-caliber talent well-versed in global rules and multinational management, improving the balance in promoting foreign investment with full consideration of industrial development in different regions.

The draft law, which responds to some common concerns among foreign investors, would foster an environment more favorable to doing business and further boost the confidence of foreign enterprises to invest in China, Huang stressed.

According to an explanatory media document, the draft includes many stipulations ensuring domestic and foreign enterprises are subject to a unified set of rules and can compete on a level playing field.

Huang said that amid the rising tide of protectionism and anti-globalization in many parts of the world, China's drafting of the foreign investment law demonstrates its resolve to open wider to the outside world and uphold economic globalization.

The draft law will be voted on by deputies at the closing meeting of the second session of the 13th NPC on March 15.

Follow www.z1ezw.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
  • 坚持和完善我国基本经济制度的两条新经验(纪念改革开放四十周年) 2019-05-25
  • 上周济南8个项目推出新房源 1个纯新项目上市 ——凤凰网房产济南 2019-05-24
  • 产业旺,乡村振兴有底气(聚焦高质量发展·如何抓落实) 2019-05-23
  • 中直机关优良“家风家训”格言【3】 2019-05-23
  • (两会受权发布)中国人民政治协商会议第十三届全国委员会主席、副主席、秘书长、常务委员名单 2019-05-22
  • 在学习中进步。[奋斗] 2019-05-21
  • 紫光阁中共中央国家机关工作委员会 2019-05-21
  • 拉萨市海拔4300米以下再无“无树村 无树户” 2019-05-20
  • 女性之声——全国妇联 2019-05-19
  • 摩拜到底要和谁“联姻” 2019-05-19
  • 为多彩贵州新未来贡献更多检察力量 2019-05-18
  • Marni2016秋冬系列新突破 秀场内外都爱在袖子上玩花样 2019-05-18
  • 我的跟帖出不来,讨论不了,奈何?还以为版主护着我么?! 2019-05-17
  • 环球 —频道 春城壹网 七彩云南 一网天下 2019-05-16
  • 马布里篮球精英训练营正式开课 “马政委”变身“马指导 2019-05-16
  • 543| 636| 181| 482| 576| 773| 967| 127| 887| 527|