A total of 25 Jiangsu deputies of the National People's Congress, China’s top legislature, held a symposium on February 15 after they conducted visits and researches in foreign-funded enterprises in Nanjing and listened to suggestions of foreign investors.
The deputies believed that it’s necessary to regulate, guide and promote foreign investment, guarantee equal treatment of domestic and foreign enterprises in according to law, further eliminate the "uncertainty " of foreign investors, adopt the 'negative' list approach in foreign investment administration, and ensure the high-quality growth of foreign investment.
At the symposium, Roland Gerke, chairman and president of BSH Home Appliance Holding China, said the enterprise has been rooted in Nanjing for 22 years and it pays close attention to opportunities as China expands its opening up and introduces new policies.
“When a company settles in a new place, it wants to know what is the policy here and how long it will last. This is very important for the confidence of investment."
Tian Zhoushan, general manager of Nanjing Chia Tai Tianqing Pharmaceutical Co., Ltd., said China is undergoing rapid urbanization and there should be a better mechanism to integrate the urban and enterprise development planning.
Some foreign-invested companies also hoped for a more reasonable and clear operation plan for the establishment of a corporate credit system.
Jiangsu Provincial Development and Reform Commission said that the formulation of China’s Foreign Investment Law will provide a more powerful legal guarantee for further opening up and effective use of foreign capital under the new situation.
Ma Qiulin, a NPC deputy and vice governor of Jiangsu, said that the use of foreign investment shall comply with the relevant requirements of the country and the province, align with the efforts to establish an independent and controllable industrial system, and lay the foundation for the safe and sustainable development of the industry.
