China issues guidelines to optimise, attract foreign investment

Some of the steps are improving quality of foreign capital utilisation, guaranteeing national treatment of foreign-invested enterprises, strengthening protection of foreign investment, improving facilitation of investment and operation, raising fiscal and tax support, and improving ways to promote foreign investment, a state-controlled media outlet reported.

Foreign investors are encouraged to establish research and development centres in China and undertake major scientific research projects.

Foreign-invested enterprises will be supported to transfer industries from China's eastern region to central, western and northeastern regions, and border areas.

The government will ensure that such enterprises fully engage in government procurement activities as per law. The government will introduce relevant policies and measures as soon as possible to further clarify the specific standards for ‘manufactured in China’ and accelerate the revision of the Government Procurement Law.

Such enterprises will be supported to participate in the formulation of standards on an equal footing according to the law.

Intellectual property rights on administrative protection will be strengthened and facilitation of investment and operation will be improved.

The government will provide convenience to foreign executives, technical personnel and their families in terms of entry, exit and residence, said the guideline document.

Fibre2Fashion News Desk (DS)