In The New Catalogue Of Foreign Investment, The Principle Of "Three Recognition" Is Introduced.

The upcoming "new"

Prior to that, Zhang Xiaoqiang, deputy director of the national development and Reform Commission, said that China is now revising the new guidance catalogue for foreign investment industry (hereinafter referred to as the "Catalogue"). On the basis of soliciting opinions from all sides, after finalizing the draft, it will be submitted to the state Council for examination and approval. It is hoped that it will be published in the year 12th Five-Year.

It is reported that the national development and Reform Commission, the Ministry of Commerce and the relevant departments have completed the stage of soliciting public opinions for the industry guidance catalogue of foreign-funded enterprises. They have received 260 amendments to the chamber of Commerce and industry organizations, involving 116 columns of industrial catalogues.

Industry catalog can be divided into encouragement category, restriction class and prohibition class.

At present, the catalogue will be submitted to the State Council for examination and approval.

China's policy of attracting foreign investment has begun to change from "identity" to "industrial identity", "regional identity" and "project identity" when the income tax of foreign and domestic enterprises merged. The new catalogue will further deepen this change and promote preferential policies to attract foreign capital into encouraging industries, encouraging areas and encouraging projects.

Lu Jinyong, director of the foreign direct investment (FDI) research center of the University of foreign trade and economics, said.

The reporter learned from the Department of political affairs of the Ministry of commerce that, in the aspect of "industrial identity", the newly revised catalogue published in the year will mainly encourage foreign investment in high-end manufacturing, high-tech industries, modern service industries, new energy and energy conservation and environmental protection industries, while strictly limiting investment projects with high investment, high consumption and low efficiency, and encourage foreign enterprises to set up regional headquarters, R & D centers, purchasing centers and financial management centers in China.

In terms of "regional identity", it is reported that China has begun to supplement and revise the catalogue of industries with foreign investment advantages in the central and western regions, increase the entries of labor-intensive projects, encourage foreign businessmen to develop labor-intensive industries in line with environmental protection requirements in the central and western regions, continue to implement preferential policies on enterprise income tax for foreign-funded enterprises in the western region that conform to the regulations, and increase the support for policy opening and technical capital matching in the pfer of foreign enterprises to the central and western regions in the eastern region.

In terms of "project identification", experts believe that the advanced technology projects will be more attracted by foreign investment policy.

"The new policy will further emphasize the attitude towards the implementation of national treatment for foreign investment. In the past, in the context of foreign exchange gap, domestic capital accumulation and insufficient technological capacity, and the urgent need to increase employment and output, China's foreign investment will give preferential treatment to foreign investors. Under the preferential policies such as taxation and land, the efficiency of domestic enterprises will be lower than that of domestic enterprises. The foregoing reasons are no longer there. China's policy of attracting foreign investment will also gradually abandon its identity, and the NDRC will relax restrictions on the entry of foreign capital into China, and on the other hand, it will initiate industrial recognition on policies, and then only foreign-funded enterprises with high efficiency can be encouraged.

Yao Zhizhong, director of the International Investment Research Institute of the Institute of world economics and politics of the Chinese Academy of Social Sciences, told the economic reference daily.

"The background of this revised catalogue is China's demand for changing the mode of economic development. From the current adjustment situation, several industries that offer preferential policies to foreign investment can be summarized as high-end manufacturing, modern service industries and strategic emerging industries."

Wan Jun, an associate research fellow at the Institute of world economics and politics of the Chinese Academy of Social Sciences, said that the above three industries are attractive to foreign investment: for example, China's high-end manufacturing industry, relatively sound industrial system, cheaper labor costs, and wide domestic market, and China's layout fits the investment principles of developed countries. In fact, they have begun to shift the high-end manufacturing sector to China.

As far as modern service industry is concerned, the proportion of service industry in China's GDP is not more than 50%, and the proportion is obviously not enough. In addition, the modern industrial system needs matching production service industry, and its development space is larger.

Strategic emerging industries represent the direction of development in the future. It will become a new leading industry in 8 to 10 years, and will also be more easily favored by foreign investors.