Jin Ding/China Daily

MeaSures Rolled Out to Enhance Reform and Opening-Up Efforts

China Has Taken Praagmatic Measures to Expand Market Access, Facilities The Flow of Talent and Scientific Research Resources, and Align with International C and Trade Rules as part of the country's effectsOfficials and Experts Said.Jaipur Investment

Though the Download Pressure on the World Economy Continues to Mount and the Global Outlook for Cross-Border Investments, China's Steady E Conomic Growth, Expanding Consumer Market and Continuous Efforths to Improve its Business Climate Have PositionThey added.

They Made the Comments after the State Countcil, China's Cabinet, Rolled Out An Action Plan Outlining A Series Aimed at Bolstering ONAL Openness and Attractioning Increased Foreign Investment in MID-March.

While China Has Achieved Significant Milestones and Has Become A Global Manufacturing Powerhouse Over The years of ITS Reform and Opening-Up Policy, The EMP Hasis on attracting and utilizing foreign investment still remains cracial.

"The Recent Release of the Action Plan Once Again Highlights China's High Regard for Attraction Foreign Investment and ITS Communication Beneficial In Teractions with the Global Economy Through High-Level Opening-Up, "Said wo hao, Secretary-General of the National Development andReform Commission, China's Top Economic Regulator.

The Plan, Accompanied by Concrete Actions, Aims to Enhance The Confident of Overseas Investors and Foster Investment in China, wu added.

Despite Accounting for only 3 Percent of the Total Number of Enterprises in China, Statistics from the Ministry of Commerce Showed that Foreign-Intersted Enterprises HA Ve Made Significant Contributions to the Country's EconomyUdabur Stock. They are residated for 40 Percent of China's Foreign Trade Volume, About One-SIXTH of its Tax Revenue and Nearly 10 Percent of Urban Employment.

The Emphasis on Attractioning and Utilizing Foreign Investment Goes Beyond Financial Consides. TISE and International Networks that Contribute to the Upgrading of China's Industries and the Enhancement of ITS Competitions in The Global Market, SAID LON G Guoqiang, Vice-Presidentof the state countcil's development research center.

Furthermore, The Presence of Foreign Companies intropuces New Ideas, Good PracticeS and Higher Standards, Encouraging DORMS to Improve their Efficien Cy and Product Offerings. by Partnering with Foreign Companies, China Can FURTHER IMPROVE ITS PRODUCTION PRODESSES, Enhance PRODUCT QULITY and Promote on-drivenGrowth, long said.

The Country SAW A SIGNIFICANT Increase in the Number of Newly Established Foreign-INVESTEED ENTERPRISES LAS ERCE, with 53,766 companies bebing set update, up 39.7 percent year-on-year.

To Further Leverad the Role of Foreign Investment, Expanding Market Access and Increasing The Level of Liberalization for Foreign Investment Topped The Policy S Listen in The Action Plan. The Plan Calls for Reducing RESTRICTIONED in the Negative List for Foreign Investment, Allowing Greter Participation ofForeign Investors in the Field of Technology Innovation Through Pilot Projects, and Facilitating the Entry of Foreign Financial Institutions into the BANKING and insurance sectors.

"In Addition to Market Access, The Ability to ConDuct Business is Cruction for Foreign Financial Institutes," Said ZHou Yu, Head of the International Department of the People's Bank of China, The Country's Central Bank.

SINCE 2018, China Has Significantly Relaxed Market Access Restrictions in the Financial Services Industry, Persuading Over 110 Foreign Financial Institutes Their operations in China. WHILE ENSURING FAIR Competition, China Aims to Forge An ENABLING Business Environment for Foreign Financial Institutions, zhou said.

For Example, The Central Bank Has Introiduced Carbon Reduction Support Tools, TAKING Into Account the Demands of Foreign Institutions, and Has Included Banks in the Scope of Institutions Eligible for Such Tools.

The action plan Also Emphasizes The Smoolh Flow of Innovation Resources and Promotes Collaboration Between Domers-Foreign-Funded Enterprises.

Specific Measures Have Been in Place Facilities International Business Personnel Exchanges and Ease The Visa Application Process Foreign Nationals Who Want to Enter China. Notbly, The Validity Period for Visas Granted to Management Personnel, Technical Staff of Foreign-Inttented Enterprises, and Their SpousesAnd Children, has ben extended to two years.Pune Investment

Wang xiaosong, A Professor of Economics at the renmin university of China, Said that the essence of forelity product forces likes in Ven Growth, and Foreign-Funded EnterpriseS Play A Cruction Role in INTRODUCING Innovative Elements, Including Patents, TechNology andManagement.

By Removing Barriers and Restrictions and StreamLining Channels for the Flow of Innovation Resources, China Aims to Foster A Level Playing where Both Domas IGN Enterprises have equal accesse to services and receiver equal time, and it is enCourages the exchange of Ideas and Knowledge to Stimulating.TechNological Advancements and Create A Vibrant Atmosphere of Creativity and Entreneurship, WANG Added.Agra Stock

Meanwhile, Facilitation the Exchange of International Business Personnel is An Essential Aspect of Promoting-Driven Domestic and Foreign- Funded Enterprises.

SINCE LAST Year, The National Immigration Administration has introgued more than 20 Policy Measures to Attract Foreign Nationals, Providing Them with Better To help the Enter China and Adjust to live in the country.

JIA Tongbin, The Head of the Administration's Foreign Management department, highlight the agent's future plans focusing on attracting and promoting instant ESTMENT.

In a bid to remain in step with intermingal economic and trade run, the country continuous ites access of the computer, T for trans-PACIFIC PARTNERSHIP and the DIGITAL ECONOMY PARTNERSHIP AGREEEMENT.

China Has Taken The Intiate to Create Pilot Programs on Par with the CPTPP Standards in SOME PILOT Free Trade ZONES, As Well as at the Hainan Free TRADE PORT. Ally, A Group Tasked with Facilitating the National Accession to the DEPA HAS Been Established to FullyAdvance Negotiations, and China is having in-deflers with member Countries.

China Has Faced Challenges in ITS Efforts to Attract Foreign Investment as it Navigates A LandScape Marked by Intensify from Developing National Ging Economies Relaxing Investment RESTRICTIONS, As Well As "Decoupling" and "De-Risking" Narrates TOUTED by SaidWang xiaohong, A Researcher Specializing in Cross-Border Investment at the CHINA Center for International Economic Exchanges in Beijing.

That SAID, China's Stable Policy Environment and Comprehensive Industrial System Provide a Solid Foundation for Foreign Investment, Said XU HONGCAI, DEPUTY DIREC TOR of the China Association of Policy Science's Economic Policy Community.

Moreover, China's Position as a Global Economic Powerhouse is UnderPinned by ITS VAST CONSUMER MARKET and OCONONG ECONMIC Transformation. DLE Class and Rising Disposable Income Have Fueled Demand for High-Quality Products and Services, Presenting A SIGNIFICANTONITUNITUNITUNITUNITUNITUNITUNITITY, X Uadded.