国内英语资讯:China opens wider to boost foreign investment_时事

国内英语资讯:China opens wider to boost foreign investment

In a sign of stabilizing FDI, the inflow rose by 2.3 percent in June year on year to 100.45 billion yuan.

A report released by the American Chamber of Commerce Shanghai early this month showed that about 77 percent of U.S. companies in China surveyed are making profits, with 73.5 percent of companies reporting revenue growth in 2016.

Tax deferral will be extended to foreign investors if their local profits are invested in preferential fields. It will also promote the integration between FDI and outbound investment and encourage multinationals to set up regional headquarters in China.

The flow of FDI to the country's western and northeastern regions will receive extra support.

Li highlighted the need to develop a business environment that is more in line with international practice and the rule of law.

"We must make sure the policies cutting fees and taxes are fully implemented. Government supervision should be in the form of standardized random check, which is more of an international practice and more effective," he said.

The Chinese government will increase the interconnectivity of information systems between different departments, and pilot single window and single form registry for foreign enterprises in the filing of records and business registration process.

China will also improve the legal system in relation to foreign investment. Foreign capital will be encouraged in the restructuring of domestic enterprises, and intellectual property rights of foreign enterprises will be better protected.