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What have been discussed and shared at the round table for the implementation of the 24-point guideline? What’s the plan for the next step?(2024-02-29)

Yesterday, MOFCOM held a round table on the interpretation of the implementation of the 24-point guideline for foreign investment. Representatives of more than 60 foreign-invested enterprises and nine foreign business associations attended the meeting. At the meeting, we gave a briefing on the implementation of the 24-point guideline over the past six months by various departments. FIE representatives and foreign business associations shared the benefits they have enjoyed from the relevant policies and their opinions and suggestions. The European Union Chamber of Commerce in China said that the 24-point guideline is very important for European enterprises, and recognized the progress in the implementation of the document. The Japanese Chamber of Commerce and Industry in China said that the latest survey shows that the operations of Japanese companies in China have improved. Most of their members still view China as an important market and are satisfied with the business environment in China. Over half of them will continue or further expand investment in China. The American Chamber of Commerce in China and the Korea Chamber of Commerce in China said that US and Korean companies in China have stable expectations of investing and operating in China in 2024. On the whole, more than 60% of the policy measures have been implemented or made positive progress. The vast majority of FIEs said that the policy has benefited them and boosted their confidence in investing in China.

Going forward, MOFCOM will work with relevant departments and local governments to act on the requirements of the Central Economic Work Conference, continue to promote the implementation of the 24-point guideline, fully leverage the role of the FIE round table meetings, give more briefings on policies, evaluate the outcomes, follow and address FIEs’ complaints, and make the the business environment still better. Thank you.