Meeting at NDRC on China’s Investment Environment

2015-09-28 | Beijing

The meeting was held at the NDRC and moderated by the Secretary General, Mr. Li Pumin. Government officials from MOFCOM, MIIT, MOF, SAIC, SAC, SIPO and NCAC attended the meeting. They briefed the progress China has made in its reform and opening up, latest policies and strategies to further open up and reassured the participants of the economic outlook in China.

As one of major foreign chambers in China, the European Chamber was invited to attend the meeting and comment on the investment environment in China. Vice President of the Chamber, Mr. Mats Harborn voiced the major concerns and recommendations of European businesses, such as the application of “negative list” and cancel the broad regulation of FIEs; the contradiction between “letting the market play a decisive role in resource allocation” and having investment restrictions as specified by certain industrial policies as well as demands for minimum investment levels and asked for further clarification on “state strategic interests” defined in the newly released Guiding Opinions of the CPC Central Committee and the State Council on Deepening the Reform of State-owned Enterprises”, etc. He also expressed the Chamber’s willingness to providing comments in the process of drafting the 13th Five-Year Plan.

Secretary General Li concluded the meeting by extending gratitude to all the attendees for their time and input, saying that the government authorities welcome the communications and consultations with FIEs in their interested issues. Chinese government also appreciates the long-time operation of FIEs in China, their recommendations and contributions to the development of Chinese economy.