MOFCOM Unveils Measures for Stabilising Foreign Investment

The Ministry of Commerce (MOFCOM) recently issued a circular on stabilising foreign investment around the task of building a new development pattern. It put forward the following five tasks for 2021:

• Expand high-level opening-up and attract more high-quality external factor resources to promote domestic circulation;

• Raise the level of open platforms and build connection and support points for domestic and international dual circulations;

• Enhance promotion of investment in industry chains and promote the connection and integration of international and domestic industry chains;

• Improve the service guarantee system for foreign investment to ensure the stable operation of key foreign-funded enterprises in industry and supply chains; and

• Deepen reforms to streamline administration, delegate powers and improve services, creating a better environment for building a new development pattern.

Source: Ministry of Commerce