Optimizing the Business Environment with Institutional openness

| gov.cn

"the business environment is only better, not the best." Today, optimizing the business environment has become a key factor in stimulating market vitality, attracting and boosting international investment, and has also become a common pursuit for all countries to promote the transformation and upgrading of their domestic economies. On the afternoon of November 5, at a sub-forum on the theme of "openness, regulation and business environment", guests attending the Hongqiao International Economic Forum brainstormed and collided with sparks of wisdom from the perspective of government roles and multinational corporations. Talk about how to optimize the business environment and promote global economic development.

Since the reform and opening up, China has made considerable progress in strengthening system construction, improving governance rules and strengthening economic governance. Especially since the 18th National Congress of the Communist Party of China, China has paid more attention to institutional opening up, such as rules, and promoted the formation of a new pattern of all-round opening up. Last year's Central Economic work Conference proposed to promote the transformation from the flow of goods and factors to institutional opening up such as rules. The newly promulgated Foreign Investment Law this year provides legal provisions and institutional guarantees for the promotion, protection and management of foreign investment from the institutional level.

The transformation from commodity and factor flow opening to institutional opening up is the inherent requirement for our country to promote omni-directional and high-level opening up to the outside world and realize high-quality economic development. It is also the key to actively deal with the complex and changeable rules of international trade and participate in international competition. In the face of the opportunities and challenges brought about by economic globalization, China pays more attention to institutional openness such as rules, constructs a free trade experimental area with high standards, and forms 202 institutional innovation experiences to replicate and popularize to the whole country. At the same time, we will actively explore the construction of Hainan Free Trade Zone (Hong Kong), promote innovation and upgrading of state-level economic and technological development zones, create new highlands for reform and opening up, and promote the formation of a new pattern of all-round opening up. China implements the mode of national treatment plus negative list management before admission, liberalizes the general manufacturing industry, and speeds up the opening up of finance, telecommunications, medical care, education, pension and other services. The door of China's opening to the outside world is getting wider and wider, and market access is constantly relaxed.

China's efforts to optimize the business environment are obvious to all in the international community. According to the latest Global Business Environment report 2020 released by the World Bank, China's global ranking of business environment jumped 15 places to 31st place on the basis of a sharp increase of 32 places last year. For the second year in a row, it has been ranked as one of the 10 economies with the largest improvement in the global business environment. China has made great progress in optimizing the business environment, which has been fully recognized by the international community.

China has achieved a friendly business environment through institutional opening up, and has created a more stable, fair, transparent and predictable environment for market players to invest and start a business. This has significantly enhanced the vitality of the micro main body, and domestic and foreign enterprises have cast a vote of confidence with practical action. In the first half of this year, an average of 19400 new enterprises were set up every day, and the amount of foreign capital actually used was 478.33 billion yuan, an increase of 7.2 percent over the same period last year. The structure of absorbing foreign capital continued to be optimized, and the actual use of foreign capital in high-tech industries increased by 44.3% over the same period last year, accounting for 28.8%.

The holding of the Expo has demonstrated China's confidence in economic globalization and released to the outside world the determination of the Chinese Government to deepen reform and open wider to the outside world. The Expo is not only a "meeting", but also a platform for display and communication, highlighting China's "soft power" represented by the business environment. (Xu Huixi)

Optimizing the Business Environment with Institutional openness

| gov.cn

"the business environment is only better, not the best." Today, optimizing the business environment has become a key factor in stimulating market vitality, attracting and boosting international investment, and has also become a common pursuit for all countries to promote the transformation and upgrading of their domestic economies. On the afternoon of November 5, at a sub-forum on the theme of "openness, regulation and business environment", guests attending the Hongqiao International Economic Forum brainstormed and collided with sparks of wisdom from the perspective of government roles and multinational corporations. Talk about how to optimize the business environment and promote global economic development.

Since the reform and opening up, China has made considerable progress in strengthening system construction, improving governance rules and strengthening economic governance. Especially since the 18th National Congress of the Communist Party of China, China has paid more attention to institutional opening up, such as rules, and promoted the formation of a new pattern of all-round opening up. Last year's Central Economic work Conference proposed to promote the transformation from the flow of goods and factors to institutional opening up such as rules. The newly promulgated Foreign Investment Law this year provides legal provisions and institutional guarantees for the promotion, protection and management of foreign investment from the institutional level.

The transformation from commodity and factor flow opening to institutional opening up is the inherent requirement for our country to promote omni-directional and high-level opening up to the outside world and realize high-quality economic development. It is also the key to actively deal with the complex and changeable rules of international trade and participate in international competition. In the face of the opportunities and challenges brought about by economic globalization, China pays more attention to institutional openness such as rules, constructs a free trade experimental area with high standards, and forms 202 institutional innovation experiences to replicate and popularize to the whole country. At the same time, we will actively explore the construction of Hainan Free Trade Zone (Hong Kong), promote innovation and upgrading of state-level economic and technological development zones, create new highlands for reform and opening up, and promote the formation of a new pattern of all-round opening up. China implements the mode of national treatment plus negative list management before admission, liberalizes the general manufacturing industry, and speeds up the opening up of finance, telecommunications, medical care, education, pension and other services. The door of China's opening to the outside world is getting wider and wider, and market access is constantly relaxed.

China's efforts to optimize the business environment are obvious to all in the international community. According to the latest Global Business Environment report 2020 released by the World Bank, China's global ranking of business environment jumped 15 places to 31st place on the basis of a sharp increase of 32 places last year. For the second year in a row, it has been ranked as one of the 10 economies with the largest improvement in the global business environment. China has made great progress in optimizing the business environment, which has been fully recognized by the international community.

China has achieved a friendly business environment through institutional opening up, and has created a more stable, fair, transparent and predictable environment for market players to invest and start a business. This has significantly enhanced the vitality of the micro main body, and domestic and foreign enterprises have cast a vote of confidence with practical action. In the first half of this year, an average of 19400 new enterprises were set up every day, and the amount of foreign capital actually used was 478.33 billion yuan, an increase of 7.2 percent over the same period last year. The structure of absorbing foreign capital continued to be optimized, and the actual use of foreign capital in high-tech industries increased by 44.3% over the same period last year, accounting for 28.8%.

The holding of the Expo has demonstrated China's confidence in economic globalization and released to the outside world the determination of the Chinese Government to deepen reform and open wider to the outside world. The Expo is not only a "meeting", but also a platform for display and communication, highlighting China's "soft power" represented by the business environment. (Xu Huixi)



Look at the "Shanghai sample" of the Business Environment
"Super speed" is well deserved. Tesla's feelings were confirmed by the Global Business Environment report 2020 released by the World Bank on 24 October. Among the 190 economies in the world, China scored a total of 77.9 points in the business...




















Li Keqiang returns to Beijing from his visit
On the 5th, after attending the 18th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization (SCO), State Council Premier Li Keqiang paid an official visit to Uzbekistan, attended a series of East Asian...

Li Keqiang and Thai Prime Minister Prayuth meet with reporters
The prime ministers of the two countries made positive comments on the new achievements made in Sino-Thai cooperation. Li Keqiang said that Thailand is a good friend and partner of China's equality and mutual benefit. The two sides have strong...

Li Keqiang holds talks with Thai Prime Minister Prayuth
Li Keqiang congratulated Thailand on successfully hosting a series of meetings of leaders of East Asian cooperation. He said that China and Thailand are close and friendly neighbors, and bilateral relations have always developed healthily and...



Li Keqiang's speech at the 14th East Asia Summit
East Asia is our common home, and we need to make joint efforts to develop and build. China is willing to strengthen cooperation with other countries, enhance consensus, maintain regional peace and stability, promote economic development and improve...