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Ministry of Commerce: Accelerate the construction of a unified automobile market and make greater efforts to attract foreign investment

Publish Date: 2023.06.06

  On June 5th, the State Council Information Office held a regular briefing on the policies of the State Council for building a unified national market. Zhou Qiang, Director of the Market System Construction Department of the Ministry of Commerce, introduced that in accelerating the construction of a unified national market, the Ministry of Commerce promotes online and offline integration, strengthens the construction of key markets in key areas, promotes the lifting of unreasonable restrictions on second-hand car distribution, improves the registration management of second-hand car market entities and vehicle transactions, and accelerates the construction of a unified automobile market.

  

  商务部:加快建设统一汽车大市场,更大力度吸引外资

  

  Source: Guoxin Network

  

  Zhou Qiang stated that the unified market constructed by China is a fully open and global market, which will provide a better environment and a larger stage for various market entities, including foreign-funded enterprises. The Ministry of Commerce will promote a high level of opening up, rely on China's super large market advantage, and attract global resource elements with domestic systemic circulation. It is necessary to not only retain high-quality stock of foreign capital, but also attract more high-quality foreign capital, and improve the quality and level of trade and investment cooperation.

  

  Next, the Ministry of Commerce will actively promote the construction of a unified national market, make greater efforts to attract and utilize foreign investment, and focus on four aspects of work:

  

  One is to continuously expand market access. Reasonably reduce the negative list of foreign investment access and further cancel or relax restrictions on foreign investment access. We will give play to the leading role of open platform such as the pilot free trade zone, Hainan Free Trade Port, the pilot demonstration of the expansion of opening up of the national service industry, and the national economic and technological development zone. We will deepen reform in related fields in accordance with international high standard economic and trade rules, and steadily advance institutional opening.

  

  The second is to increase investment promotion efforts. Carry out the "Investment in China Year" investment promotion activity, coordinate resources from all parties, and promote precise investment promotion. Relying on major economic and trade exhibitions and various investment promotion mechanisms, we support the combination of "going out" and "inviting in" in various regions to carry out investment promotion activities. By building platforms and unblocking channels, we can fully showcase the potential of the Chinese market and investment opportunities, and create more opportunities for domestic and foreign investment docking.

  

  Thirdly, we will continue to provide services to foreign-funded enterprises. Fully leverage the role of specialized teams for key foreign-funded projects, improve collaborative guarantee mechanisms, deepen regular exchanges with foreign-funded enterprises and foreign business associations, and improve the timeliness and accuracy of key foreign-funded enterprises and project services. Timely coordinate and solve the "personalized" issues that arise in enterprise operation and project construction, promote the acceleration of the implementation and construction of iconic foreign-funded projects, and support the good development of existing foreign-funded enterprises.

  

  The fourth is to create an international first-class environment for foreign investment. Deeply implement the Foreign Investment Law and its implementation regulations, and implement national treatment for foreign-funded enterprises to high standards; Focusing on areas such as government procurement, bidding, and standard formulation, we will work with relevant departments to study and introduce policy measures to ensure equal participation of foreign-funded enterprises. Establish a sound cross departmental complaint coordination mechanism at all levels, improve the level of complaint handling work, increase the protection of the legitimate rights and interests of foreign investment, and create a market-oriented, legal, and international first-class business environment.

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