China Announces Measures to Attract Foreign Investment... "Foreign Companies Must Be Guaranteed National Treatment"

The Chinese government has announced a policy to guarantee 'equal treatment with Chinese nationals' for foreign-invested enterprises in order to promote foreign investment.

According to the state-run Xinhua News Agency on the 13th, the State Council of China recently released the 'Opinions on Improving the Foreign Investment Environment and Expanding Foreign Investment Attraction.'

The State Council emphasized that comprehensive pilot zones for expanding the opening of the service industry should play a leading role. It also decided to gradually expand the investment regions of foreign-invested enterprises, which are concentrated in the eastern coastal areas, to inland areas and diversify foreign investment channels.

The guidelines also called for creating an environment where foreign-invested enterprises can participate in government procurement projects on equal footing with domestic Chinese companies, ensuring "national treatment for foreign-invested enterprises."

Furthermore, it stated that the administrative protection level of intellectual property rights (IP) should be enhanced to safeguard the investment rights and interests of foreign-invested enterprises, and the residency policies for foreign employees within foreign-invested enterprises should be simplified to provide convenience. It added that financial and tax support should be strengthened to encourage reinvestment by foreign-invested enterprises in China, and the investment attraction mechanisms should also be improved.

This content was produced with the assistance of AI translation services.