Global EditionASIA 中文雙語Fran?ais
    China
    Home / China / State Council News

    Foreign businesses get assurance as new trade rules ensure equality

    By Hu Yongqi | China Daily | Updated: 2019-04-09 09:38
    Share
    Share - WeChat

    Move to enhance fairness in the commercial environment will help attract greater global investment

    Non-discrimination will be a cornerstone, as will harsher punishment, in amending trademark infringement laws in the latest move that will offer domestic and foreign businesses equal treatment and nurture fair competition.

    The move was determined at an executive meeting of the State Council, the Cabinet, which was presided over by Premier Li Keqiang on Wednesday.

    A number of draft amendments to the laws concerning administrative approvals, trademarks, and digital signatures, were passed at the meeting to ensure effective implementation of the Foreign Investment Law, which was adopted during the annual session of the National People's Congress last month. The drafts are to be submitted to the top legislature.

    According to the draft amendments, the principle of non-discrimination will be added to administrative approval procedures, along with increased financial penalties imposed on violators who infringed trademark rights, said a statement released after the meeting. In the meantime, the procedures and time it takes to get construction permits will be sharply reduced.

    The meeting was a follow-up of what Li promised last month at the annual NPC session in Beijing and the Boao Forum for Asia 2019 Annual Conference in Hainan province.

    Experts said the amendments, if adopted, could help attract overseas investment and keep China as one of the world's leading destinations for foreign direct investment.

    In the Government Work Report that Li delivered on March 5, he said fair competition is the core of market economy and all regulations and actions that impede unified market and fair competition will be sorted out.

    At the annual conference's opening ceremony on March 28, the premier said in a keynote speech that the government has started formulating regulations and rules matching with the Foreign Investment Law.

    By the end of this year, operational rules will be released and will take effect on Jan 1 next year to keep in line with the new law, the premier said. He also pledged further reform and opening-up by clearing up or revising any rules and regulatory documents that are inconsistent with the new investment law.

    Last year saw 60,533 new foreign-invested companies registered in China, an increase of 69.8 percent year-on-year, according to the Ministry of Commerce. China used foreign investment of 885.6 billion yuan ($134.9 billion), up by 0.9 percent year-on-year, excluding those in banking, securities and insurance sector, the ministry said. FDI from Germany even went up by 79.3 percent year-on-year last year.

    However, facing rising protectionism and unilateralism, Chinese leaders have reiterated that the door will open even wider to the outside world. From January to December last year, nearly 1,700 contracts were signed for projects worth more than $50 million, up by 23.3 percent, showing the confidence foreign investors have in the Chinese economy, the ministry said.

    Over the past several months, some people had the suspicion that foreign-owned companies might move their production out of China to areas such as Southeast Asia, where they can find cheaper labor.

    Cui Fan, a professor of international trade at the University of International Business and Economics, said the State Council meeting was the central government's first step to fulfill promises made before.

    The non-discrimination principle, or competitive neutrality, is in line with clauses in the Foreign Investment Law as a key to offer foreign investment equal treatment to that of domestic companies, Cui said. From his perspective, an improved business environment can also be a magnet for foreign investors into China.

    As Cui and his fellow researchers found, many international companies are confident in China's great market potential and complete production chains, which cannot be found in other areas. "In an easier and more convenient business scenario, foreign investors will judge what's best when it comes to where they put their money," he added.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    中文字幕高清在线| 国产精品毛片无码| 日韩A无码AV一区二区三区| 亚洲日韩在线中文字幕综合| 国产自无码视频在线观看| 国产台湾无码AV片在线观看| 日韩乱码人妻无码系列中文字幕 | 久久久久亚洲AV无码专区网站 | 日韩免费码中文在线观看| 亚洲中久无码不卡永久在线观看| 亚洲AV永久无码精品成人| 最近更新免费中文字幕大全| 色欲综合久久中文字幕网| 亚洲AV无码乱码在线观看性色扶 | 亚洲精品无码久久一线| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 精品久久久无码中文字幕| 亚洲va中文字幕无码久久不卡| 中文精品久久久久人妻| 最近最新免费中文字幕高清 | 五月天中文字幕mv在线女婷婷五月| 日韩av无码中文无码电影| 国产午夜无码精品免费看动漫 | av无码一区二区三区| 欧洲Av无码放荡人妇网站| 无码国产福利av私拍| 午夜人性色福利无码视频在线观看| 国产成人无码av| 亚洲色无码专区在线观看| 久久久久亚洲AV无码观看| 中文字幕无码乱人伦| 亚洲熟妇无码八AV在线播放| 亚洲AV无码专区电影在线观看 | 欧洲成人午夜精品无码区久久 | 99久久精品无码一区二区毛片| 东京热加勒比无码少妇| 精品无码人妻一区二区三区不卡 | 亚洲AV永久无码天堂影院| 亚洲不卡无码av中文字幕| 中文字幕有码无码AV| AV无码人妻中文字幕|