China's top economic planner, the National Development and Reform Commission(NDRC), on Tuesday pledged enhanced policy support for attracting foreign investment.
NDRC spokeswoman Li Chao told a press conference in Beijing that the country will reinforce its appeal to foreign investment through measures such as expanding the Catalogue of Encouraged Industries for Foreign Investment, and formulating policies for encouraging foreign-invested enterprises to reinvest their profits in China.
China has completed canvassing public opinions on revising and expanding the Catalogue of Encouraged Industries for Foreign Investment, and the new catalogue will fully reflect the public opinions by including new sectors such as high-end manufacturing and digital economy, said the spokeswoman.
"We will study and formulate relevant policies to encourage foreign-invested enterprises to reinvest their profits in China, so as to support foreign-invested enterprises in carrying out reinvestments in China from aspects such as strengthening guarantee of production factors, optimizing financial services, enhancing convenience of reinvestments, and providing full-process service guarantee for reinvestment projects," the spokeswoman said.
China has been accelerating the implementation of signature foreign-funded projects.
NDRC's special working team has served 66 major projects funded by foreign companies in eight batches, involving an investment volume of 97 billion U.S. dollars, and 33 of the projects have entered full or partial production.
"We will continue to give full play to the role of the special working team, provide green channels for the implementation of foreign-funded projects in planning, use of land, use of sea, environmental impact assessment, energy consumption and other aspects, and speed up effective implementation of these projects," said the spokeswoman.
China's top economic planner pledges more policy support for attracting foreign investment
