Moves to promote foreign investment as China FDI shift

Beijing (Reuters) -China, submitted new measures to promote the latest efforts to reduce foreign direct investors in the country and foreign direct investment.

China has a number of events to increase foreign investment in recent months, including more sectors to foreign investors, the economic outlook of the country growing in trade tensions due to US tariffs.

Foreign investment in China, 358.2 billion dollars in January-May, 13.2% decreased in the same period last year, the Ministry of Trade provided.

Reassuitment of foreign investors in China, including creating new companies, creating capital in existing companies, is encouraged to re-invest in China, including the establishment of capital in China.

The agencies include the State Planner, Ministry of Finance and the Ministry of Trade and the Central Bank.

China has already submitted tax benefits to encourage foreign companies to gain income in the country.

Local governments, according to the notice, will create project databases for re-investment by foreign citizens and provide project services and support.

China can also help reduce the transfer and land expenditures before transferring, using foreign investors, using flexible methods such as long-term rentals of industrial lands.

Foreign firms will be facilitated for re-investment procedures for investment processes, foreign joint loans and foreign companies to re-investment, and approval procedures for re-investment of foreign companies.

China’s financial institutions were also instructed to develop innovative products and services to support re-investment by foreign enterprises.

($ 1 = 7.1794 Chinese Yuan Renminbi)

(Notification by Kevin Yao; Regulation by Emelia Sithole-Matarise)