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Original title: It is about foreign investment, what is the importance of this catalog becoming longer and longer?
From 1108 to 1235, an increase of 127 in one year, an increase of more than 10% …
This is the “Catalog of Industries that Promote Foreign Investment (2020 Edition)”, which was made public by the National Development and Reform Commission and the Ministry of Commerce on December 28. The addition of inputs means that more new areas will open the door to foreign investment, foreign-funded enterprises will usher in greater development opportunities, and better serve China to build a new pattern of development.
High-level opening requires high-quality investments
What are the considerations for presenting this catalog at this time?
The incentive catalog is an important part of our policy to promote foreign investment and one of the main bases for foreign investors and companies with foreign investment to enjoy preferential treatment. On June 30, 2019, the National Development and Reform Commission and the Ministry of Commerce issued the “Catalog of Industries Encouraging Foreign Investment (2019 Edition)”, which greatly increased the articles encouraged to further promote foreign investment in modern agriculture, advanced manufacturing, and modern service industries. And optimize the regional layout of the use of foreign capital.
The competent head of the National Development and Reform Commission said that the previous revision cycle of the encouraged catalog was 3 to 5 years. This revision is only one year after the previous edition. It is an important measure to further stabilize foreign investment in the current situation.
At the executive meeting of the State Council held on March 10 of this year, it was required to continue expanding the opening and take multiple measures to stabilize foreign trade and foreign investment, one of them is to expand the catalog of industries that encourage investment foreign investment, so that foreign investment in more fields can enjoy preferential tax and related treatments. politics.
The two departments began review work in March, on the one hand, “subtracted” the relaxation of market access and, on the other, “added” the preferential policies, forming a policy synergy.
The Fourteenth Five-Year Plan proposes to implement a high-level opening to the outside world and to open up new perspectives for mutually beneficial cooperation. It can be said that the construction of a new open upper-level economic system will inevitably require the realization of high-quality foreign investments. “The launch of the new version of the Promotion Catalog will help to further expand the scope of encouraging foreign investment, orienting foreign investment, boosting foreign investment confidence and helping to build a new development pattern with the domestic cycle as the main body and the national and international dual cycles promoting each other. ” Said the person in charge.
The new areas include both “tall and large” and “grounding”
Looking through the animated catalog, we can find that the total revised entries are 1,235, an increase of 127 over the 2019 version, an increase of more than 10%, and 88 entries were revised, mainly to expand the reach of the original entries.
According to the competent person in charge of the National Development and Reform Commission, this review reflects the further development of the positive role of foreign capital in the supply chain of the industrial chain, further encouraging foreign investment in the production services industry. and further encouraging foreign investment in the central and western regions.
Focusing on new investment fields, we can find that there are “high-level” fields, such as high-level manufacturing, new materials, and ecological environmental protection, as well as “onshore” people livelihood fields, such as modern logistics and information services.
For example, in high-end manufacturing fields, such as artificial intelligence and integrated circuits, new or modified items such as ultra-high-definition televisions, ventilators, ECMO, artificial intelligence-assisted medical equipment, etc .; in the field of R&D and design, research and development of new or modified fifth generation mobile communication technologies. Development of blockchain technology, design of wastewater treatment facilities and other elements; In the field of modern logistics, add or modify items such as import and export distribution centers for bulk products, community chain distribution, etc .; In the field of information services, please add online education, health care online and online Office and other items.
In terms of promoting regional coordinated development, new items such as semiconductor materials and industrial ceramics have been added in Hubei, Sichuan, Chongqing and other places; elements related to trade, shipping, finance, tourism, etc. have been added. in Hainan, and the construction of the Hainan Free Trade Port is supported.
Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, said that the selection of new areas not only embodies the shortcomings, but also highlights the forging of longboards, conforms to the latest trends in the development of the country and the industry, and highlights a strategic vision.
Zhao Ping, vice dean and researcher at the China Council for the Promotion of International Trade, said that by opening up border fields to foreign capital, not only can more investment opportunities be created for foreign capital, but also attracting talent, technology, capital and other strategic elements in the process of encouraging the participation of foreign capital in these fields. Gather at home to better play the role of foreign capital in order to build a new pattern of development.
Preferential policies and multiple services are arranged
According to the incentive catalog, foreign-owned companies can not only invest in more fields, but can also enjoy a series of preferential policies.
For example, the fields in the investment promotion catalog, which meet the conditions, can enjoy the policy of exemption of tariffs for imported equipment for own use within the total investment; foreign-invested companies that invest in encouraged industries in the western region can receive a 15% reduction in corporate income tax; for intensive land use Industrial projects with incentivized foreign investment give priority to the supply of land. When determining the floor price for land transfer, it can be implemented at no less than 70% of the national minimum price for industrial land transfer corresponding to the local land level.
The relevant head of the National Development and Reform Commission said that the 2020 version of the encouraged catalog will be implemented on January 27, 2021, and at the same time the 2019 version of the encouraged catalog will be abolished. Foreign investment projects under construction that comply with the 2020 recommended catalog may enjoy relevant preferential policies.
It is foreseeable that encouraging the issuance of the catalog will help to stabilize expectations and confidence in foreign investment, and will help stabilize basic foreign trade and foreign investment.
The two departments stated that they will do a good job of implementing the incentive catalog once it is published, and will help foreign-funded companies make full use of the incentive policies. This will provide more “peace of mind” for foreign companies.
The competent person in charge of the Ministry of Commerce said that if foreign-financed companies encounter problems or difficulties in applying for the relevant preferential policies, they can immediately inform the commerce departments at all levels or special classes for key fund-financed projects. foreigners, and the Ministry of Commerce will promote coordinated solutions with the relevant departments.
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Editor in Charge: Xue Yongwei
