<ul><li>The Improving Business Environment in China </li></ul><ul><li>by Zhou Yunlei </li></ul><ul><li>Ministry of Commerc...
<ul><li>SECTION 1 . China’s WTO accession and market opening </li></ul><ul><li>SECTION 2.  Improving investment environmen...
SECTION 1 . China’s WTO accession and market opening <ul><li>Introduction of World Trade Organization:  </li></ul><ul><li>...
SECTION 1 . China’s WTO accession and market opening <ul><li>Market opening after China’s WTO accession  </li></ul><ul><li...
SECTION 1 . China’s WTO accession and market opening <ul><li>2. As one of the most important changes after China’s WTO acc...
SECTION 1 . China’s WTO accession and market opening <ul><li>3. Liberalizing Trade in Service </li></ul><ul><li>The overal...
SECTION 1 . China’s WTO accession and market opening <ul><li>(1) Professional Services:  </li></ul><ul><li>China gradually...
SECTION 1 . China’s WTO accession and market opening <ul><li>(2) Financial services: </li></ul><ul><li>Banking: the Regula...
SECTION 1 . China’s WTO accession and market opening <ul><li>According to statistics, China has approved more than 200 for...
SECTION 2.  Improving investment environment <ul><li>1. Rule of law plays important roles in economic development of China...
SECTION 2.  Improving investment environment <ul><li>1. Rule of law plays important roles in economic development of China...
SECTION 2.  Improving investment environment <ul><li>(2) . The Protection and Remedy of Right </li></ul><ul><li>Any citize...
SECTION 2.  Improving investment environment <ul><li>(3). Protection of Private Property was incorporated into the Law for...
SECTION 2.  Improving investment environment <ul><li>(4). Protection of Intellectual Property Rights </li></ul><ul><li>The...
SECTION 2.  Improving investment environment <ul><li>2. Effective Macro-Control Measures </li></ul><ul><li>The Chinese gov...
SECTION 2.  Improving investment environment <ul><li>3. The control on foreign exchanges is gradually eased, and there’s n...
SECTION 2.  Improving investment environment <ul><li>4. Improvement of basic infrastructure </li></ul>
SECTION 3. Huge Market potential <ul><li>1. GDP Growth Rate Reached 11.4% in 2007 </li></ul><ul><li>2. The Third Largest T...
SECTION 3. Huge Market potential <ul><li>4. Rapid Growth of Domestic Consumption </li></ul><ul><li>In 2007, domestic consu...
SECTION 3. Huge Market potential 21.5% 38.8% 39.7% 2007 19.5% 41.3% 39.2% 2006 24.1% 37.7% 38.2% 2005 Net Export Investmen...
SECTION 3. Huge Market potential <ul><li>5. A Huge Luxury Market  </li></ul><ul><li>120 million mobile phones, more than 8...
SECTION 4. Recent development of China’s trade policy <ul><li>China encourages and guides foreign investments in high tech...
SECTION 4. Recent development of China’s trade policy <ul><li>1. The amendment of the “Catalogue for the Guidance of Forei...
SECTION 4. Recent development of China’s trade policy <ul><li>1. The amendment of the “Catalogue for the Guidance of Forei...
SECTION 4. Recent development of China’s trade policy <ul><li>Foreign investments are  not  encouraged in  (1). key scarce...
SECTION 4. Recent development of China’s trade policy <ul><li>2. Environmental Protection Is a Fundamental Policy of China...
SECTION 5. Recommendation for investment in China <ul><li>1 . Sectors encouraging foreign investment: </li></ul><ul><li>2 ...
SECTION 5. Recommendation for investment in China <ul><li>1 . Sectors encouraging foreign investment:  </li></ul><ul><li>P...
SECTION 5. Recommendation for investment in China <ul><li>2 . Important policies to encourage and support the Development ...
SECTION 5. Recommendation for investment in China <ul><li>3 . Main institutions and websites supporting foreign investment...
SECTION 5. Recommendation for investment in China <ul><li>4 . Appealing process </li></ul><ul><li>A Coordination Office an...
<ul><li>Thank You All, and Welcome to China! </li></ul>
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The Improving Business Environment in China

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The Improving Business Environment in China

  1. 1. <ul><li>The Improving Business Environment in China </li></ul><ul><li>by Zhou Yunlei </li></ul><ul><li>Ministry of Commerce, P.R.C </li></ul>
  2. 2. <ul><li>SECTION 1 . China’s WTO accession and market opening </li></ul><ul><li>SECTION 2. Improving investment environment </li></ul><ul><li>SECTION 3. Huge Market potential </li></ul><ul><li>SECTION 4. Recent development of China’s trade policy </li></ul><ul><li>SECTION 5. Recommendation for investment in China </li></ul>
  3. 3. SECTION 1 . China’s WTO accession and market opening <ul><li>Introduction of World Trade Organization: </li></ul><ul><li>World Trade Organization is described as “one of the three backbones” in the current world economic system (along with IMF and World Bank) </li></ul>
  4. 4. SECTION 1 . China’s WTO accession and market opening <ul><li>Market opening after China’s WTO accession </li></ul><ul><li>1. China’s tariff level has been reduced gradually, and China has phased out all its non-tariff restrictions on imports inconsistent with WTO rules </li></ul>
  5. 5. SECTION 1 . China’s WTO accession and market opening <ul><li>2. As one of the most important changes after China’s WTO accession, control on foreign trading rights has been removed completely. </li></ul>
  6. 6. SECTION 1 . China’s WTO accession and market opening <ul><li>3. Liberalizing Trade in Service </li></ul><ul><li>The overall level of China’s commitments has reached or even exceeded the level of some developed countries. </li></ul>
  7. 7. SECTION 1 . China’s WTO accession and market opening <ul><li>(1) Professional Services: </li></ul><ul><li>China gradually liberalized its professional services sectors such as accounting, legal and auditing service. </li></ul>
  8. 8. SECTION 1 . China’s WTO accession and market opening <ul><li>(2) Financial services: </li></ul><ul><li>Banking: the Regulation of People’s Republic of China on Administration of Foreign-funded Banks eliminated all the restrictions on geography and targeted customers to foreign banking institutions </li></ul><ul><li>Insurance: all the geographic restrictions to foreign insurance companies have been eliminated. </li></ul><ul><li>Securities: China will allow qualified foreign investment companies (including banks) to issue A shares (shares calculated in RMB) or issue corporate bonds and financial bonds calculated in RMB. </li></ul>
  9. 9. SECTION 1 . China’s WTO accession and market opening <ul><li>According to statistics, China has approved more than 200 foreign invested banking institutions, 70 foreign invested insurance institutions </li></ul>
  10. 10. SECTION 2. Improving investment environment <ul><li>1. Rule of law plays important roles in economic development of China. </li></ul><ul><li>2. Effective Macro-Control Measures </li></ul><ul><li>3. The control on foreign exchanges is gradually eased, and there’s no restriction on the amount of remitted profits for FIEs. </li></ul><ul><li>4. Improvement of basic infrastructure </li></ul>
  11. 11. SECTION 2. Improving investment environment <ul><li>1. Rule of law plays important roles in economic development of China. </li></ul><ul><li>(1) China established the transparency of legislation as a basic principle to be observed in China’s legislation formulation process. </li></ul><ul><li>The most important change in the newly issued Enterprise Income Tax Law is unifying the income tax rate for domestic and foreign enterprises </li></ul><ul><li>The Chinese Government has also established China WTO Notification and Enquiry Centre in the Ministry of Commerce </li></ul>
  12. 12. SECTION 2. Improving investment environment <ul><li>(2) . The Protection and Remedy of Right </li></ul><ul><li>Any citizens, legal person or other organizations can resort to remedy if his or her legal rights or interests have been infringed upon by a specific administrative act. </li></ul>
  13. 13. SECTION 2. Improving investment environment <ul><li>(3). Protection of Private Property was incorporated into the Law for the first time. </li></ul>
  14. 14. SECTION 2. Improving investment environment <ul><li>(4). Protection of Intellectual Property Rights </li></ul><ul><li>The Chinese Government set as its priority work to strengthen enforcement of laws to combat IPR infringements. A National Working Group on IPR Protection headed by Vice Premier </li></ul><ul><li>50 IPR service centers had been set up all over the country with the hotline &quot;12312&quot; </li></ul>
  15. 15. SECTION 2. Improving investment environment <ul><li>2. Effective Macro-Control Measures </li></ul><ul><li>The Chinese government implemented a “moderately tight” monetary policy in time so as to alleviate the problem of over-investment and credit expansion </li></ul>
  16. 16. SECTION 2. Improving investment environment <ul><li>3. The control on foreign exchanges is gradually eased, and there’s no restriction on the amount of remitted profits for FIEs. </li></ul>
  17. 17. SECTION 2. Improving investment environment <ul><li>4. Improvement of basic infrastructure </li></ul>
  18. 18. SECTION 3. Huge Market potential <ul><li>1. GDP Growth Rate Reached 11.4% in 2007 </li></ul><ul><li>2. The Third Largest Trading Nation in the World </li></ul><ul><li>3. The most attractive developing country destination for foreign direct investment </li></ul>
  19. 19. SECTION 3. Huge Market potential <ul><li>4. Rapid Growth of Domestic Consumption </li></ul><ul><li>In 2007, domestic consumption surpassed investment in the contribution to GDP for the first time since 2000. </li></ul>
  20. 20. SECTION 3. Huge Market potential 21.5% 38.8% 39.7% 2007 19.5% 41.3% 39.2% 2006 24.1% 37.7% 38.2% 2005 Net Export Investment Domestic Consumption Year
  21. 21. SECTION 3. Huge Market potential <ul><li>5. A Huge Luxury Market </li></ul><ul><li>120 million mobile phones, more than 8 million vehicles and 6.297 million laptop computers were sold in China within one year. </li></ul>
  22. 22. SECTION 4. Recent development of China’s trade policy <ul><li>China encourages and guides foreign investments in high technology, modern services and modern agriculture. </li></ul>
  23. 23. SECTION 4. Recent development of China’s trade policy <ul><li>1. The amendment of the “Catalogue for the Guidance of Foreign Investment Industry” in 2007. </li></ul><ul><li>2. Environmental Protection Is a Fundamental Policy of China </li></ul><ul><li>3. Greatly develop service sector, especially service outsourcing </li></ul><ul><li>4. Cross-border merge and acquisition will become a main form of enrolling FDI </li></ul>
  24. 24. SECTION 4. Recent development of China’s trade policy <ul><li>1. The amendment of the “Catalogue for the Guidance of Foreign Investment Industry” in 2007. </li></ul><ul><li>Foreign investments are encouraged in (1).circular economy </li></ul><ul><li>(2).clean production </li></ul><ul><li>(3).renewable energy </li></ul><ul><li>(4).environmental protection </li></ul><ul><li>(5).integrated utilization of resources </li></ul>
  25. 25. SECTION 4. Recent development of China’s trade policy <ul><li>Foreign investments are not encouraged in (1). key scarce or finite mineral resources </li></ul><ul><li>(2). projects, which are highly resource and energy-consuming and heavily polluting (3). real estate industry </li></ul>
  26. 26. SECTION 4. Recent development of China’s trade policy <ul><li>2. Environmental Protection Is a Fundamental Policy of China </li></ul><ul><li>3. Greatly develop service sector, especially service outsourcing </li></ul><ul><li>4. Cross-border merge and acquisition will become a main form of enrolling FDI </li></ul>
  27. 27. SECTION 5. Recommendation for investment in China <ul><li>1 . Sectors encouraging foreign investment: </li></ul><ul><li>2 . Important policies to encourage and support the Development of SMEs’ </li></ul><ul><li>3 . Main institutions and websites supporting foreign investment </li></ul><ul><li>4 . Appealing process </li></ul>
  28. 28. SECTION 5. Recommendation for investment in China <ul><li>1 . Sectors encouraging foreign investment: </li></ul><ul><li>Please refer to “Catalogue for the Guidance of Foreign Investment Industry”. </li></ul>
  29. 29. SECTION 5. Recommendation for investment in China <ul><li>2 . Important policies to encourage and support the Development of SMEs’ </li></ul><ul><li>Funds for supporting technological innovation for the technological small and medium-sized enterprises </li></ul><ul><li>Funds for SMEs Development </li></ul><ul><li>Funds for international market exploration by SMEs </li></ul><ul><li>Special funds for establishment of service system for SMEs. </li></ul>
  30. 30. SECTION 5. Recommendation for investment in China <ul><li>3 . Main institutions and websites supporting foreign investment </li></ul><ul><li>China Council for the Promotion of International Trade (CCPIT) ( www.ccpit.org ) </li></ul><ul><li>China Association of Enterprises with Foreign Investment (CAEFI) ( http:// caefi.mofcom.gov.cn / ) </li></ul>
  31. 31. SECTION 5. Recommendation for investment in China <ul><li>4 . Appealing process </li></ul><ul><li>A Coordination Office and a National Center in will be established to deal with the complaints from foreign invested enterprises. </li></ul>
  32. 32. <ul><li>Thank You All, and Welcome to China! </li></ul>

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