Over the past 30 years since the reform and opening up, China has become a hot land for global investment. Foreign companies pouring into, not only created a large number of employment and tax revenue, also promoted the economic development, industrial upgrading and technological progress, enterprises with foreign investment have become an important part of the national economy.
At present, the free trade zone is the most open area of our country, and it undertakes the task of opening up to the outside world first. Since 2013, the opening of the free trade pilot zone in Shanghai has opened the door wider for foreign investors. Negative lists are being pushed across the country. The Shanghai free trade zone and other pilot free trade zones have implemented a management model of negative lists. In accordance with the central government’s requirement, our entire opening to the outside world and the use of foreign capital are also carried out in a negative list mode, which is a kind of promotion and replication.
In April this year, China's new Liaoning and other seven free trade zones, 11 free trade zones, formed an open pattern of China's all-around system innovation in the east and west China. Then, the new free trade area of the foreign investment negative inventory, the version of the negative list also officially on July 28, the new catalogue of industries for guiding foreign investment, the restrictive measures to further reduce the article 30, highlights to encourage foreign investment in high-end manufacturing, intelligent manufacturing and green manufacturing of policy guidance.
Seven New FTZs Launched
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