The Ministry of Commerce holds a roundtable meeting for foreign enterprises in Shanghai.
Vice Minister of Commerce and Deputy Representative for International Trade Negotiations Ling Ji chaired a roundtable meeting for foreign invested enterprises in Shanghai.
Assistant Minister of Commerce and Deputy Chief Negotiator for International Trade, Ling Ji, presided over a roundtable meeting for foreign-invested enterprises in Shanghai. Ling Ji stated that the "15th Five-Year Plan" proposal approved at the Fourth Plenary Session of the 20th Communist Party of China Central Committee has injected more certainty into the future development of China's economy and society. The important propositions in the plan proposal about China's continued promotion of high-quality development and expansion of high-level opening up will enhance certainty for foreign-invested enterprises to deepen their presence in the Chinese market and bring about positive expectations.
Foreign-invested enterprises at the meeting expressed their willingness to expand long-term investment in China and engage in research and development innovation, enhance localization levels, provide advanced technology, high-quality products and services, and actively participate in China's high-quality development.
Original text:
The Ministry of Commerce held a roundtable meeting for foreign-invested enterprises in Shanghai
On November 5th, during the 8th China International Import Expo, Ling Ji, the Deputy Minister of Commerce and Deputy Chief Negotiator for International Trade, presided over a roundtable meeting for foreign-invested enterprises in Shanghai. Representatives from more than 30 foreign-invested enterprises such as Airbus, Amway, Merck, Intel, Air Products, Nissan, Lego, British Chamber of Commerce, and representatives from foreign business associations in China attended the meeting. Officials from the State Council Research Office, State Administration of Taxation, and the National Immigration Administration interpreted policies and responded to issues raised by foreign-invested enterprises.
The meeting introduced the proposal of expanding high-level opening up in China in the "15th Five-Year Plan," interpreted a series of recent stable foreign investment policies, and had in-depth discussions on China's economy, business environment, global economic issues, among others.
Ling Ji stated that the proposal of the "15th Five-Year Plan" approved at the Fourth Plenary Session of the 20th Communist Party of China Central Committee has injected more certainty into the future development of China's economy and society; the important proposition in the plan proposal about China's continued promotion of high-quality development and expansion of high-level opening up will enhance certainty for foreign-invested enterprises to deepen their presence in the Chinese market and bring about positive expectations.
Ling Ji pointed out that in the current rise of unilateralism and protectionism, a fair, just, and rule-based market is a scarce global resource. China will firmly promote high-level opening up, actively align with international high-standard trade and economic rules, continue to expand market access in the service industry, promote the construction of key foreign investment projects, ensure equal participation of foreign-invested enterprises in government procurement, implement tax incentives for reinvestment, strengthen intellectual property protection, and continuously create a first-class business environment that is market-oriented, rule-based, and internationalized. He hoped that foreign-invested enterprises would share in the new opportunities for development in China during the "15th Five-Year" period and work hand in hand with China's modernization.
Foreign-invested enterprises at the meeting expressed their willingness to expand long-term investment in China and engage in research and development innovation, enhance localization levels, provide advanced technology, high-quality products, and services, and actively participate in China's high-quality development.
This article is selected from the official website of the Ministry of Commerce, edited by GMTEight: Liu Jiayin.
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