Published
Jun 6, 2014
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China: foreign investment procedures eased

Published
Jun 6, 2014

As of June 17, China will establish a system of “limited approval" and "general registration" to facilitate foreign investment. The system will replace the cumbersome “all-around approval” mechanism that has been in place up until now.


The measure corresponds to the adjustment of its preferential policy in terms of international investment, now aiming to treat domestic and foreign companies equally. "That does not mean that it’s unfavorable to foreign investment," said Chinese Vice President XI Jinping during a visit to Italy, referring to the adoption of a preferential policy exempting certain foreign investors from taxes. "China is pursuing a strategy to increase domestic demand," insisted the vice president . "The policy will provide more opportunities for placing foreign products on the market."

Over the past decade, Chinese imports and exports were respectively multiplied by 4.7 and 4.9. In the first quarter of 2014, the country experienced a slowdown in growth of its textile/apparel industry.

In 2013, China exported 26.5 billion euros of clothing to Europe (-4%), putting it in first place far ahead of Bangladesh and its 9.3 billion euros. China also exported 7.7 billion euros worth of textiles to Europe during the year (+2%).

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