DetailsThe 19th National Congress of the Communist Party of China (CPC) was held from October 18, 2017 to October 25, 2017 in Beijing. The Congress Report outlined the development of a modernized and a more open economy, which will benefit the global economy very much. The General Secretary of CPC XI Jinping emphasized the importance of “opening up” policy of China. XI said that China will implement the system of pre-establishment national treatment plus a negative list across the board, and significantly ease market access, further open up the service sector and protect the legitimate interests and rights of both foreign investors. He said China shall pay attention to both “Going out” and “Bringing in” and all businesses registered in China shall be treated equally.
In recent years, China has attracted much foreign investment, and international trade has become common and popular in most parts of China. In March 2017, the State Council approved the establishment of several Free Trade Zones. According to National Development and Reform Commission and Ministry of Commerce, China will ease the market access in line with the spirit of 19th congress. The policy will attract more foreign funds and investments into China and makes much contribution to the global economy development. For example, Tesla Inc is recently discussing with Shanghai government about the possibility of establishing a manufacturing plant in Shanghai in order to provide better service to the Chinese and to lower the cost. Shanghai government said China is embracing foreign investments, especially in the fields of hi-tech, energy conservation and environmental protection. We believe China is entering into a new ear and is moving to the center of the world and will provide a more fair, reasonable and effective environment for foreign investment and international trade.