Business
10:41, 05-Jul-2018
Infographic: Overseas-funded enterprises in China reap rewards since China’s WTO accession
Updated
10:06, 08-Jul-2018
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2018 marks the 17th year of China’s WTO accession. China has faithfully fulfilled its WTO commitments and brought benefits not only to its own people, but to the rest of the world. Overseas-funded enterprises in China, in this sense, can be seen as one of the biggest beneficiaries.
In 2017, the number of newly-established overseas-funded enterprises reached 35,652, achieving a year-on-year growth of 27.8 percent. Main business incomes of overseas-funded enterprises in the fields of manufacturing, catering, retail and wholesale increased rapidly from 2012 to 2016, further testifying that China remains the leading destination for overseas enterprises in various sectors.
To keep attracting foreign investment as its long-term policy, China has remained committed to taking investment incentive measures, lifting investment barriers and optimizing the investment environment for overseas market players.
In the past five years, China has focused on implementing the pre-establishment national treatment and negative list management model and intensified the reform of streamlining administration in the overseas investment sector.
China on June 28 unveiled a new negative list for foreign investment as part of its efforts to broaden market access, detailing 22 opening-up measures in fields including finance, transportation, professional services, infrastructure, energy, resources, and agriculture. The list will come into effect on July 28.
