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Foreign-funded enterprises view China’s business environment as warm, fast and valuable
Red Star News< /p>
2022-06-21 19:20 Chengdu Commercial Daily Red Star News official account
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The latest data from the Ministry of Commerce shows that from January to May 2022, The actual amount of foreign capital used nationwide was 564.2 billion yuan, a year-on-year increase of 17.3%, equivalent to US$87.77 billion, a year-on-year increase of 22.6%. In the first four months of this year, my country's foreign investment growth rate reached 20.5%. On the basis of last year's high base, double-digit growth was still achieved.
For the stable growth of foreign capital, the spokesperson of the Ministry of Commerce gave three reasons: the attraction of the Chinese market has not diminished, the implementation of the opening policy has been effective, and the investment environment continues to be optimized.
Regardless of domestic and foreign investment, the business environment is the most important thing for enterprises. Whether the business environment is good or not, market players have the most say. At the third Qingdao Summit of Multinational Company Leaders held recently, many heads of multinational companies expressed their views on the creation of China's business environment and the willingness of multinational companies to invest in China. They were deeply impressed by the tremendous changes in China's business environment.
Amid the impact of the epidemic and the uncertainties and complex situations brought about by geopolitics, multinational companies' confidence in China's economic development has been talked about many times. "But we still believe that China is still a market that is impossible and cannot be missed. 'If you miss China, you will miss global development.' This sentence still holds true." Wu Chun, managing partner of Boston Consulting Group in China, said.
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1. How do foreign-funded enterprises view the Chinese market? Temperature and value are key words
If you want to give a keyword to China's business environment, Zhao Bingdi, Vice President of Panasonic China Northeast Asia Company, gave "warm".
As a century-old store, Panasonic entered the Chinese market in 1978 and is a participant, witness, and beneficiary of China's reform and opening up. "Panasonic's annual output value in China exceeds 110 billion. In the past two years, our sales performance has also grown by double digits, and our share of the headquarters has continued to increase. I feel that we have achieved such growth today because of the Chinese environment."
In addition to the Foreign Investment Law and related guidance, Zhao Bingdi specifically mentioned that the government is warm. What impressed him most was that a problem that was expected to take half a year to be solved took only one month in China.
“For example, we are actively investing in the ‘double carbon economy’ that has been talked about recently, but on the one hand, we are also worried about whether the epidemic will affect the speed of empirical testing.” Zhao Bingdi pointed out that Panasonic established in Wuxi The test site is to conduct the world's first empirical test on hydrogen power generation. "After the local government learned about our project, it provided all-round access, including high-efficiency offices, so that the project can be promoted at a pace far beyond our expectations." < /p>
This also reflects China’s speed. "With the huge size of China's economy and the high speed of innovation and development, almost all multinational companies have positioned China as an economy that cannot be ignored strategically and tactically, and a market that cannot be absent." Wu Chun believes that in addition to In addition to China’s speed, China’s execution ability and new opening-up pattern cannot be ignored.
In the "2020 Business Environment Report" released by the World Bank last year, China ranked 31st among 190 economies in the world. Within two years, China's ranking improved by 47 places.
“In the short term, China’s market development scale has become larger, which is a very admirable development.” Toshihiro Ueda, executive director of AGC and general representative of China, expressed the “heartfelt words” of foreign-funded enterprises, "As a foreign-funded enterprise, we hope to develop together with China and achieve a win-win situation."
Liu Lijia, Vice President of LafargeHolcim Group and Head of Global Partnerships, said that China The environment comes down to "value". "China's market is valuable, and its future development is still valuable. The reflection of this value is the overall reflection of what we believe is the value of China's business environment and future investment."
2. What do foreign-funded enterprises value? ? Intellectual property rights have been mentioned many times
In the past two years, the optimization of the business environment has been constantly mentioned and promoted.
In January 2020, the "Regulations on Optimizing the Business Environment" was officially implemented. The purpose of its introduction is to benchmark international advanced experience and continue to optimize the business environment.
Last year, the State Council deployed business environment innovation pilots in six cities: Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou, and Shenzhen, and defined 101 reform measures in 10 aspects of the innovation pilot work to create a market-oriented, A legal and international first-class business environment.
At this year’s Two Sessions in various places, “optimizing the business environment” became a hot word, and in many places the optimization of the business environment was mentioned as part of the No. 1 project of the local government.
“With more legalization, internationalization, and standardization, it will further enhance the attractiveness of investment promotion, and more people will gather in China.” Liu Guoping, Chairman of Orix Group Greater China, has said in recent years The biggest feeling is that local governments have "worked hard" on the business environment.
Liu Guoping said that many local governments have established business bureaus, and ORIX has been officially hired as an inspector in some places. He himself can deeply feel the changes and improvements in the government's concept of serving enterprises. . In his view, good "political and business relations" are an important part of the business environment.
If in the past it was just a simple matter of attracting investment, now the government personally comes to the door and empowers it. "For example, when we start a company, invest in projects, and implement projects, we have set up special classes to discuss and solve some difficulties and problems with us to help us realize investment and implement projects. This is something we have a deep understanding of. ” said Liu Guoping.
Another issue that has attracted much attention from foreign investors is the protection of intellectual property rights.
“Bring some of the forward-looking technologies of multinational companies to the local area and establish an exhibition center. Only with good intellectual property protection can we dispel the concerns of enterprises and save a lot of construction costs and Time." Liu Lijia said.
“Especially foreign small and medium-sized enterprises, high-precision and powerful enterprises, they have great expectations for the protection and application of intellectual property creation in China.” Liu Guoping emphasized that the problems that large multinational enterprises can solve are It is not an easy task for small and medium-sized enterprises. If there is a big improvement in this aspect, it will dispel some of their worries.
3. Our country’s business environment still needs to be improved, and the rule of law is the fundamental guarantee
Promoting high-standard intellectual property protection is also the direction of long-term efforts to optimize our country’s business environment.
At the 2022 China Intellectual Property Protection High-Level Forum, Shen Changyu, Director of the State Intellectual Property Office, pointed out that strengthening intellectual property protection is an important aspect of creating a good business environment. The "2021 Global Innovation Index Report" released by the World Intellectual Property Organization shows that China ranks 12th, up two places from 2020.
Wang Xiaohong, deputy director of the Information Department of the China Center for International Economic Exchanges, mentioned at the summit that our country is the world’s second largest economy and is moving towards an innovative country, promoting high-standard intellectual property protection and our country’s economic development stage , international status and innovation capabilities. It is necessary to promote the reform of the intellectual property system and law enforcement in accordance with high standards, and speed up the revision of copyright protection periods and novelty grace periods for patent applications.
At the same time, Wang Xiaohong pointed out that compared with high-standard international economic and trade rules, there is still a gap in China's business environment. Among them, the level playing field needs to be improved, and discriminatory treatment still exists. "Adhere to the principle of fair competition, treat domestic and foreign investors equally in terms of subsidies, government procurement, and major project bidding, and promote openness, transparency, and marketization in government procurement."
Many experts told the Red Star Capital Bureau, To optimize the business environment, we should start from marketization, legalization and internationalization. "The rule of law is the fundamental guarantee. We must build a legalized business environment system and give all types of capital opportunities and rights to compete fairly." said Wu Qi, executive director of Wuxi Digital Economy Research Institute.
Wu Gangliang, a researcher at the China Enterprise Reform and Development Research Association, also believes that to optimize the business environment, we should strengthen the basic position of competition policy, adhere to the principles of competitive neutrality and ownership neutrality, and create an equal use of resources by various ownership entities in accordance with the law. elements, an open, fair and just market environment where competition is equally protected by law.
The "People's Republic of China and Foreign Investment Law" deliberated and passed by the National People's Congress in March 2019 provides a stronger legal guarantee for the use of foreign investment in the new era. The promulgation of this law is also an important milestone in the construction of legalization of foreign investment.
“The foreign investment law is more adaptable and eliminates some discriminatory policies towards foreign investors.
Liu Lijia took the government procurement and bidding process as an example, "Whether we are from foreign-funded enterprises or private enterprises, it is a very open, fair and fair evaluation system, and the final judgment is made on these three dimensions: technology, business, and service. All were announced, and every detail was shared throughout the process. ”
Zhao Bingdi also pointed out that the “Foreign Investment Law” replaced the past “three laws” (“Law of the People’s Republic of China on Sino-foreign Joint Ventures”, “Law of the People’s Republic of China on Sino-foreign Joint Ventures”, “Law of the People’s Republic of China on Sino-foreign Joint Ventures”, "Law of the People's Republic of China on Sino-foreign Joint Ventures") is a change in the "hard conditions" of China's business environment. "We also hope that China's business environment can be further improved, and we are very confident in the Chinese market.