CFIC Introduction
Since the 18th National Congress of the Communist Party of China, the mainland has continued to promote the construction of a business environment, and its ranking in the global business environment ranking released by the Organization for Economic Co-operation and Development has gradually improved. Actively promote the implementation of high-level investment liberalization and facilitation policies, improve the level of opening up, increase services for enterprises, optimize the environment for foreign investment, and continuously enhance the attractiveness of foreign investment.
Original title: Learn the "Decision" daily Q&A|What are the main requirements for creating a market-oriented, law-based, and international first-class business environment
Xinhua News Agency, Beijing, September 22 (Xinhua) -- The "Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reform and Promoting Chinese-style Modernization" proposes to "create a first-class business environment that is market-oriented, law-based and internationalized" and has made new arrangements. This is a mobilization order to further deepen the optimization of the business environment at a new historical starting point. We must deeply understand and fully implement this deployment requirement, continue to shape the new advantages of a higher-level open economy, and provide strong support for high-quality development.
Since the 18th National Congress of the Communist Party of China, the mainland has continued to promote the construction of a business environment, and its ranking in the global business environment ranking released by the Organization for Economic Co-operation and Development has gradually improved. Actively promote the implementation of high-level investment liberalization and facilitation policies, improve the level of opening up, increase services for enterprises, optimize the environment for foreign investment, and continuously enhance the attractiveness of foreign investment. Establish a pre-establishment national treatment plus negative list management system for foreign investment, and replace the "case-by-case approval" system for the establishment and change of foreign-invested enterprises, which has been implemented for more than 30 years, with a convenient and fast information reporting system, so as to enhance the convenience of investment.
The optimization of the business environment will never end, and the mainland will not stop at creating a first-class business environment. The specific requirements for creating a market-oriented, law-based, and international first-class business environment can be understood and grasped from the following three aspects.
First, improve the modern market system and create a fair and efficient market-oriented business environment. A high-standard market system that is unified, open, competitive, well-organized, and well-governed is an important embodiment of a first-class business environment. At present, there are still many institutional and institutional obstacles to promoting high-quality development, such as the imperfect market system and insufficient market development, as well as insufficient market incentives, poor flow of factors, inefficient resource allocation, and weak microeconomic vitality. This requires us to speed up the building of a more systematic, complete, mature, and stereotyped high-level socialist market economic system, build a high-standard market system, and comprehensively improve the systems of property rights, market access, and fair competition. We should respect the general laws of the market economy more respectfully, minimize the government's direct allocation of market resources and direct intervention in microeconomic activities, give full play to the decisive role of the market in the allocation of resources, give better play to the role of the government, and promote a better combination of an effective market and a promising government. We will continue to improve the market environment, accelerate the construction of an efficient, standardized, fair competition, and fully open national unified market, and further stimulate the creativity and market vitality of the whole society.
Second, we need to further advance the rule of law and create an open and transparent business environment based on the rule of law. The rule of law is the best place to do business. In recent years, the mainland's business environment system has been continuously improved, and laws and regulations such as the Foreign Investment Law of the People's Republic of China, the Regulations on Optimizing the Business Environment, and the Hainan Free Trade Port Law of the People's Republic of China have been promulgated one after another. It is necessary to continue to improve the level of legalization of the business environment, continuously improve the legal system of the business environment, accelerate the completion of the revision and abolition of laws and policy documents that are inconsistent with the requirements of the Foreign Investment Law of the People's Republic of China and the Regulations on Optimizing the Business Environment, and constantly improve the policy formulation and implementation mechanism. Standardize administrative law enforcement involving enterprises, highlighting the requirements of fair law enforcement. Based on the credit status of enterprises, adopt differentiated regulatory measures, promote the sharing and mutual recognition of regulatory information, and avoid multiple law enforcement and duplicate inspections. Strengthen the protection of the rights and interests of business entities, and ensure that all types of enterprises participate in market competition fairly. Continuously strengthen the construction of the rule of law in the business environment, and better play the role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long-term.
Third, we need to accelerate institutional opening-up and create an open and inclusive international business environment. Accelerate the convergence of rules, absorb and learn from the experience of the international mature market economy system and the beneficial achievements of human civilization, accelerate the integration of domestic systems and rules with international standards, promote the transformation from the flow of commodities and factors to the opening up of rules, regulations, management, standards and other institutions, build a new system of a higher-level open economy, and promote in-depth reform and high-quality development with high-level opening-up. Optimize the management system, deepen the reform of the foreign investment management system and the reform of the foreign investment promotion system and mechanism, protect the rights and interests of foreign investment in accordance with the law, and ensure the national treatment of foreign-funded enterprises in terms of factor acquisition, qualification licensing, standard setting, government procurement, etc. Expand market access, reasonably reduce the negative list for foreign investment access, implement the comprehensive lifting of restrictions on foreign investment access in the manufacturing sector, and promote the orderly expansion of opening up in the fields of telecommunications, Internet, education, culture, and medical care. We will improve service guarantees, increase efforts to attract foreign investment, expand the catalogue of industries that encourage foreign investment, improve the roundtable system and complaint work mechanism for foreign-funded enterprises, and improve the system for facilitating the entry of foreign personnel for housing, medical care, payment, and other living conveniences.
Source: Xinhua News Agency
WeChat editor: Wang Qian
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