722 large projects attracting foreign investment in the first 11 months

Zhong Shan, Minister of Commerce, said Thursday that since this year, the work of "stabilizing foreign investment" has achieved remarkable results. In the first 11 months, China attracted 722 large-scale foreign investment projects of more than US $100 million, an increase of 15.5%. The 2019 national business working conference was held in Beijing on the 29th. Zhong Shan said at the meeting that since this year, the overall business operation has been stable, the main indicators have been stable and positive, and new achievements have been made in high-quality development. In terms of "stabilizing foreign investment", Zhong Shan introduced that since this year, China has improved the system of laws, regulations and policies, and promoted the introduction of foreign investment laws and implementing regulations, "20 policies and measures to stabilize foreign investment". We will accelerate the relaxation of market access, reduce the national version of the negative list of foreign investment access to 40, reduce the pilot Free Trade Zone version to 37, and clean up and eliminate restrictions other than the negative list. We will revise the catalogue of industries that encourage foreign investment and strengthen investment promotion and protection.

In terms of "promoting consumption", Zhong Shan introduced that China has introduced "20 policies and measures to promote consumption". In terms of urban consumption, we will promote the development of convenience stores in 36 cities and build and transform more than 1200 vegetable markets. In terms of rural consumption, we will promote e-commerce to enter the countryside and build more than 1700 county-level e-commerce service centers and logistics distribution centers. In addition, 837 cold chain logistics projects for agricultural products were supported. In terms of "stabilizing foreign trade", Zhong Shan introduced that China has developed emerging markets, supported the construction of trade promotion platforms, newly determined 65 foreign trade transformation and upgrading bases, and identified 6 national level international marketing service public platforms. We will improve the cross-border e-commerce policy and set up 24 comprehensive cross-border e-commerce pilot areas. Support the import of advanced technical equipment and key parts. We will deepen the pilot program for innovative development of service trade, promote the construction of service export bases, and promote the transformation and upgrading of service outsourcing. In addition, the construction of free trade pilot zones and free trade ports has been steadily advancing, and the economic and trade cooperation of "one belt and one road" has been carried out in depth, and bilateral bilateral cooperation has been deepened. Zhong Shan said that in 2020, we should promote the formation of a strong domestic market, promote a higher level of opening up, promote high-quality development of business, and promote the construction of a strong economic and trade country.