Openness defining traits of Chinese business environment

A recent survey indicates that 90 percent of foreign-funded enterprises in China find its business environment "satisfactory", says a report recently released by the China Council for the Promotion of International Trade.

Among the indicators in the survey, which was based on questionnaires answered by representatives of more than 400 foreign-funded enterprises and field research of more than 50 foreign companies and chambers of commerce, market access, obtaining sites for business operation, and handling business closure procedures are the ones that the surveyed foreign-funded enterprises rated the highest. That can be attributed to the introduction of relevant supporting policies recently, such as the one that lifts restrictions on foreign capital's entry into the manufacturing sector.

The CCPIT has held more than 540 symposiums with foreign-invested enterprises this year and conducted on-site surveys of more than 3,300 foreign-funded enterprises across the country. Relevant foreign-funded enterprises expressed their optimism about the Chinese market as well as their strong confidence in investing in China.

China is committed to creating a market-oriented, law-based and transparent business environment, attracting more enterprises and talents to invest and develop in China and create more wealth.

The wide attention the world business community pays to the approaching China International Import Expo, which will be held in Shanghai from Nov 5 to 10, also testifies to the charm of the Chinese market. A total of 3,496 exhibitors from 129 countries and regions are scheduled to participate in the event.

The expo is expected to show to the world that China will continuously improve the evaluation system for promoting the effectiveness of foreign investment. The Chinese government will give full play to the role of the roundtable meeting system for foreign-invested enterprises and strengthen service guarantees for foreign-invested enterprises.

The government will also continuously revise and expand the catalogue of industries that encourage foreign investment, improve the system and mechanism for promoting and guaranteeing inbound and outbound investment, enhance the management and service system, and encourage international cooperation in the global industry and supply chains.

The country is committed to promoting trade and attracting foreign investment by boosting trade in both goods and services, and opening up more sectors and industries to foreign capital.

To that end it will implement the negative list of cross-border service trade, actively promote digital trade, expand opening-up in the digital economy, and deepen cooperation with other countries in digital trade.