国内英语资讯:China will open wider to attract foreign investment_时事

国内英语资讯:China will open wider to attract foreign investment

Provincial governments will be delegated the authority over the setting up or business alteration of foreign-invested enterprises with total investment of 1 billion dollars or less.

The filing requirements in the pilot program will be relaxed for eligible multinational companies to have greater flexibility in managing their foreign currency capital in China.

The permitting procedures for foreign talent to work in China will be simplified, and eligible foreign employees hired by enterprises registered in China will be able to get their visas to work in China within two workdays.

Premier Li called for a sense of urgency in attracting foreign investment. He underlined the need for bigger steps in this respect as part of the effort to expand opening up and tackle trade protectionism.

It was also decided at the meeting that legitimate interests of foreign investors will be better protected. All infringements, counterfeiting, commercial secret violations and trademark squatting will be severely dealt with. The ceiling of compensation for intellectual property infringements will be significantly raised.

Development zones at national levels will be encouraged to serve as an important platform to lead efforts in better absorbing foreign investment. Greater policy support regarding credit lines, land use, and social security will be rolled out to help reduce business costs.

Foreign investors will be encouraged to invest more in the central and western regions and in such sectors as modern agriculture, ecological preservation, advanced manufacturing, and modern services.