Meeting with Vice Chairman of NDRC on China's Further Opening up and Foreign Investment Utilization

2017-05-06 | All chapters

Chamber's 30 member companies attended the meeting with Mr Ning Jizhe, Vice Chairman of the National Development and Reform Commission (NDRC), on the State Council's Notice on Several Measures on Promoting Further Openness and Active Utilization of Foreign Investment (Guofa No.5), organised by the Investment Association of China (IAC).

Mr Liu Ren, Vice President of IAC and former Director General of International Affairs Department of NDRC, commenced this meeting by welcoming the Chamber's members and introducing IAC. 

Mr Ning Jizhe first introduced the status quos and trends of China's macroeconomy and emphasized the structural reform of the supply front to increase the quality and efficiency of supply system and provide a growth impetus for sustainable economic development. He further provided insights on the government work report released in March by pointing out the significance of reciprocity in international trade, expanding domestic consumption, development of emerging industries, environmental protection, industrial upgrade and financial stability.

Mr Ning Jizhe also commented on the Guofa No.5 that regional development would play an essential role in future development. He also interpretated the collaboration among various departments in implementing the Guofa No.5 and participation of foreign invested enterprises (FIEs) in the initiative of Made in China 2025.

Vice President Liu Ren concluded this meeting by calling for further comments from the FIEs on the Guofa No.5 and informed the attendees that follow-up meeting would be organised within this year.