Global Eastern Investment （GEI） escort your business.
GEI focuses on the establishment of wholly foreign-owned and Sino-foreign joint venture companies, financial and tax planning, foreign residence permits and overseas company establishment.
China will continue to improve its business environment, expand market access and roll out new policies at the appropriate time to stabilize foreign direct investment and refine the inflow structure, while keeping policies stable to facilitate growth in foreign trade.
Data from the ministry showed China's actual use of FDI reached nearly 1 trillion yuan ($154.77 billion) in 2020, climbing 6.2 percent year-on-year, with the number of newly established foreign companies reaching 39,000.
Its total imports and exports of goods hit a new high of 32.2 trillion yuan last year, rising 1.9 percent on a yearly basis, while services trade rose 2.2 percent year-on-year in the January-November period to 4.1 trillion yuan, excluding tourism services, which suffered a blow due to the pandemic.
Policy support for foreign investors will be strengthened, through implementing existing policy measures such as the new industry catalogue encouraging foreign investment released in December, and the country will push ahead with new policies at the appropriate time, based on the common needs of foreign companies.
It will also enhance the layout of pilot free trade zones and carry out the master plan for the construction of Hainan free trade port.
Moreover, apart from shoring up foreign investment promotion and protection, the country will strive to create a market-oriented, law-based business environment in line with international standards.
According to a recent report by the United Nations Conference on Trade and Development, China surpassed the United States to take first place for FDI inflows last year, despite the downturn in global FDI.
Source: China Daily
