男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
China
Home / China / Latest

Strategy shores up confidence for investors

By ZHOU LANXU and ZHONG NAN | China Daily | Updated: 2020-11-10 07:22
Share
Share - WeChat
Aerial photo taken on Aug 13, 2020, shows a view of Shenzhen, South China's Guangdong province. [Photo/Xinhua]

Reforms include granting wider access, aligning with international practices

For Martin Papp, a US entrepreneur who founded a tea startup in China, the COVID-19 pandemic has pressed a pause button on many of his plans. The virus has forced him to work remotely in Los Angeles for 10 months and suspended the opening of his tea factories.

But all this did not stop his commitment to the Chinese market, which has not only a robust customer base but a business environment that is becoming increasingly fair and friendly, he said.

Like Papp, more and more foreign entrepreneurs in China will benefit from the country's continuous efforts to level the playing field for domestic and foreign-invested enterprises, among other priorities to vitalize market entities in the next five years, experts said.

China has vowed to further promote fair market competition as part of the deepening reform and opening-up efforts to improve its socialist market economy in the 14th Five-Year Plan (2021-25) period, according to a communique of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, which was held from Oct 26 to 29.

China will advance reforms to give full play to the role of the market in resource allocation, with major progress to be made in the reforms of the property rights system and market-based allocation of production factors, the communique said.

Experts said the reform plans outlined by the Party's central leadership will provide foreign businesses with greater development opportunities by granting wider market access, improving the rules-based fair business environment and aligning domestic rules with international practices.

CG Lai, CEO of BNP Paribas China, an arm of the French international banking group, said that during the uncertainty wrought by the pandemic, China has remained committed to financial market reform and opening-up and boosting investment confidence among domestic and international investors.

"Access is no longer a problem for foreign institutions in China," Lai said, adding that as one of the first foreign banks that obtained access to underwriting onshore corporate bonds from Chinese issuers, BNP Paribas performed the first lead underwriting by a foreign bank of this kind in December 2019.

The country has removed foreign ownership limits in the futures, securities, mutual funds and life insurance financial sectors this year. This was done after implementing the Foreign Investment Law starting on Jan 1 to better protect the interests of foreign businesses.

China's regulatory reforms have been recognized by the World Bank Group's Doing Business study. During the 13th Five-Year Plan (2016-20) period, the country climbed to 31st globally in terms of the ease of doing business for the 2020 study, versus 90th for 2015.

"I've never experienced a situation where I thought it was more difficult because I was a foreigner or we were a foreign company," Papp said, adding that his business, Papp's Tea, has obtained about 40 new corporate clients this year despite the pandemic.

1 2 3 4 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 平武县| 辉县市| 吉隆县| 宿松县| 绥滨县| 牙克石市| 青冈县| 嘉鱼县| 广德县| 沙河市| 原阳县| 江孜县| 根河市| 阿拉善右旗| 城市| 淅川县| 衡阳市| 韶山市| 玉门市| 青州市| 鱼台县| 德化县| 汉寿县| 横山县| 烟台市| 新民市| 博客| 自贡市| 二连浩特市| 偏关县| 车险| 红桥区| 彰化县| 贞丰县| 汤原县| 新巴尔虎左旗| 丹棱县| 尚志市| 吴忠市| 屯门区| 怀化市|