2018年CRI China's top economic planner to lift restrictions on foreign investment

 

China's top economic planner is promising¹ to ease more restrictions² on foreign investment in key areas.

Yan Pengcheng, spokesperson with the National Development and Reform Commission (NDRC), says the national economic planner has been tasked with opening up more Chinese sectors³ to foreign investment, adding that there will be a level playing field.

"Domestic and overseas-funded enterprises will be treated equally in various aspects such as approvals for qualification, government procurement⁴, formulating⁵ standards, 'Made in China 2025' policy, projects related to science and technology, as well as registration⁶ and listing," says Yan.

According to the spokesperson, one of their goals is to make investment procedures for foreign companies easier than it has been.

"We will fully⁷ adopt the 'pre-establishment national treatment plus negative list' approach, streamline⁸ approval procedures for foreign investment, implement⁹ a 'single window and single form' registry for foreign companies in the filing of records and business registration process, and streamline the processes of setting up businesses, applying for a construction project and cross-border trade," says Yan.

He adds that law enforcement will also be strengthened to protect the foreign investors¹⁰' legal rights and interests.

The NDRC says it intends to issue two new negative lists for areas where there will be restrictions to foreign investment, meaning any areas not on the lists will be free to invest in by foreign companies.

The lists will include one applying for access to free trade zones and the other for the rest of the country.

One of the important parts of the new negative lists is the opening of the manufacturing industry.

"Apart from the financial and automotive sectors, a series of new measures will be adopted to access fields such as energy, resources, infrastructure¹¹, transportation, commercial circulation and professional services. On the other hand, opening measures for the next few years will be announced to allow some industries a transitional period, in a bid to improve the predictability," says Yan.

Share-holding limits in the automotive, shipbuilding and airplane manufacturing sectors for foreign investors will also be scrapped¹².

Limits for special-purpose and new energy vehicles will be eliminated this year.

Commercial vehicle restrictions will be lifted in 2020, while passenger vehicles will be a given full exemptions¹³ before 2022.

Yan Pengcheng says the new plans by the NDRC are a symbol of China's commitment to global trade.

1 promising   

adj.有希望的，有前途的

参考例句：

• The results of the experiments are very promising.实验的结果充满了希望。
• We're trying to bring along one or two promising young swimmers.我们正设法培养出一两名有前途的年轻游泳选手。

2 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

3 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

4 procurement   

n.采购；获得

参考例句：

• He is in charge of the procurement of materials.他负责物资的采购。
• More and more,human food procurement came to have a dominant effect on their evolution.人类获取食物愈来愈显著地影响到人类的进化。

5 formulating   

v.构想出( formulate的现在分词 )；规划；确切地阐述；用公式表示

参考例句：

• At present, the Chinese government is formulating nationwide regulations on the control of such chemicals. 目前，中国政府正在制定全国性的易制毒化学品管理条例。 来自汉英非文学 - 白皮书
• Because of this, the U.S. has taken further steps in formulating the \"Magellan\" programme. 为此，美国又进一步制定了“麦哲伦”计划。 来自百科语句

6 registration   

n.登记，注册，挂号

参考例句：

• Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
• What's your registration number?你挂的是几号？

7 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

8 streamline   

vt.使成流线型；使简化；使现代化

参考例句：

• We must streamline our methods.我们必须简化方法。
• Any liquid or gas passing it will have streamline flow.任何通过它的液体或气体将呈流线型的流动。

9 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

10 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

11 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

12 scrapped   

废弃(scrap的过去式与过去分词)； 打架

参考例句：

• This machine is so old that it will soon have to be scrapped. 这架机器太旧，快报废了。
• It had been thought that passport controls would be scrapped. 人们曾认为会放开护照管制。

13 exemptions   

n.（义务等的）免除( exemption的名词复数 )；免（税）；（收入中的）免税额

参考例句：

• The exemptions for interpretive rules, policy statements, and procedural rules have just been discussed. 有关解释性规则、政策说明和程序规则的免责我们刚刚讨论过。 来自英汉非文学 - 行政法
• A: The regulation outlines specific exemptions for some WPM. 答：该规定概述了某些木质包装材料的特定的例外情形。 来自互联网