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Financial Watch: China's business environment improves to win world praise

Source: Xinhua News Agency Time: 2019-10-25

The "Business Environment Report 2020" released by the World Bank on the 23rd shows that China's business environment ranks 31st among 190 economies in the world, a significant improvement from 46th last year. For the second consecutive year, China ranks among the top ten in the world in terms of improvement in the business environment.

It is generally believed that the business environment of China has improved significantly in recent years, which has stimulated the endogenous driving force for economic development, and China has become an increasingly attractive investment destination globally.

Batakage, an adviser to research and information systems agency in developing countries in India, said that the improved business environment ranking shows that China's pace of opening up has never stopped. Over the past period, China has continued to promote tax and fee reductions and promulgated the "Foreign Investment Law" and other measures to provide foreign investors with a better investment environment, while further reducing tariffs and increasing imports, creatively hosting import fairs, and sharing China's economic development dividends with the world.

Fu Qiong, Chairman of Germany Boraris Import and Export Trade Business Co., Ltd. pointed out that while the “Belt and Road” construction provides a broad space for the infrastructure, talent employment and market development of the countries along the route, it also attracts more well-known international companies. Hua Investment. With the introduction of more and better investment policies in China, China's business environment is in a very good period.

Yaroslav Lisovolik, director of the research project of the Russian think tank Valdai Club, said that China is taking active actions to optimize the business environment, which once again confirms the positive development of the BRICS countries. Opening markets to each other and pursuing free trade among each other among the BRICS countries will become further driving factors for optimizing the business environment.

Overseas circles also appreciated China's latest measures to optimize the business environment. Chinese Premier Li Keqiang recently signed a State Council Order promulgating the “Regulations on Optimizing the Environment for Doing Business” (hereinafter referred to as the “Regulations”), which will come into effect on January 1, 2020. The Regulations clarify the principles and directions for optimizing the business environment, strengthen the protection of market entities, optimize the market environment, enhance the capacity and level of government services, regulate and innovate supervision and enforcement, and strengthen the protection of the rule of law. Provide stronger protection and support.

Overseas people generally believe that the introduction of administrative regulations for optimizing the business environment at the national level for the first time, and promoting the optimization of the business environment by means of the rule of law, has demonstrated China's firm determination to continuously deepen reform, expand opening up, stabilize market expectations, and boost development confidence. Plays an important role.

Reuters believes that the implementation of the Regulations will ensure fair market access and maintain fair competition in the market.

The Japan Broadcasting Association reports that in order to improve market transparency and improve the business environment of foreign-funded enterprises, China will implement the Regulations from January next year, which will help ensure the relevant rights and interests of foreign-funded enterprises doing business in China.

The Foreign Investment Law of the People's Republic of China, which will also come into effect on January 1, 2020, has also received widespread attention overseas.

Peng Jiening, deputy chairman of the US-China National Trade Commission, believes that before and after the establishment of the Foreign Investment Law, China contacted many foreign enterprises and business organizations to seek opinions from all parties. This was a "goodwill signal", and the relevant text contained many Encouraging content.

Wu Teke, president of the European Union Chamber of Commerce in China, said that the "Foreign Investment Law" "takes into account all the concerns we have", including technology transfer and protection of trade secrets.

Shen Kailing, an associate professor at the Australian National University's School of Business and Economics, said that a good judicial and business environment with constraints and checks and balances is more credible and stable, and more attractive to foreign investors.

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