NDRC: China and Japan and South Korea will strengthen cooperation to expand mutual investment

Recently, the National Development and Reform Commission Zhang Xiaoqiang, deputy director of the Second Japan and South Korea Free Trade Area of ​​folk high-level forum on the use of foreign capital is an important content of China's basic national policy of opening up, China will implement a more proactive strategy of opening up. Japan and South Korea to strengthen cooperation, expand mutual investment.

Japan and South Korea's economic size and cross-border investment in the world, foreign investment in Japan and South Korea in 2011 were $ 67.6 billion, $ 115.6 billion, $ 20.4 billion. But above the total investment in mutual investment between the three countries accounted for only about 6%.

At present, the investment of Chinese enterprises in Japan, Korea and the size of the overall foreign investment is still relatively small compared to Zhang Xiaoqiang said. China and Japan and South Korea to further strengthen cooperation and work together to create an environment conducive to mutual business investment. Strengthen the industries of Japan and South Korea cooperation, expand mutual investment.

Zhang Xiaoqiang, pointed out that the use of foreign capital is an important content of China's basic national policy of opening up. As of the end of 2011, the cumulative absorption of about 1.23 trillion U.S. dollars of foreign direct investment, for three consecutive years of global FDI inflows. China will implement a more proactive strategy of opening up, Yikaifangcu development, promoting reform, and promote innovation. Come into effect this year, the newly revised Foreign Investment Industrial Guidance Catalogue, reflecting the expansion of the open approach.

Zhang Xiaoqiang, the same time, put forward four proposals on the future aspects of policy-oriented. First, to optimize the utilization of foreign investment and to guide more foreign invest in the field of modern agriculture, high technology, advanced manufacturing, energy saving, new energy, modern services, to encourage investments to those areas. The second is to build an open innovation system to encourage foreign investors to set up R & D centers in Chinese and foreign enterprises to strengthen cooperation, improve science, technology and foreign policy, attract international innovation resources and talents to participate in innovation, and sharing the fruits of better combination of opening up and independent innovation. Rich in utilizing foreign capital and encourage foreign investment shares of M & A, etc. involved in the merger and reorganization of domestic enterprises, the promotion of foreign equity investment and venture capital development. Fourth, continue to deepen the reform of management system to create a stable and transparent policy environment, including Korean and Japanese companies, including foreign enterprises, unified and open market environment and a standardized and efficient administrative environment.

Zhang Xiaoqiang said in conclusion, In recent years, China has actively utilize foreign investment at the same time, foreign investment, the rapid development of the introduction to open as the main feature, and gradually go to the "introduction" and "out of" the combination of transformation. Since 2002, foreign investment in China has for nine consecutive years of growth, average annual growth rate of about 50%. "12th Five-Year" period, China will accelerate the implementation of going out "strategy, adhere to market-driven business decisions, complementary advantages, the principle of win-win cooperation and support qualified enterprises to engage in foreign investment, improve the level of international operations, and promote international economic and technical cooperation.

It is reported that Japan and South Korea Free Trade Area of ​​private high-level forum co-sponsored by the China International Economic and Exchange Center, the Japan-China Industry and Government exchange organizations, the Korea International Trade Association hosted The forum aims to level of communication and discussion of the private think tank, to promote mutual understanding between the three countries to further promote the Sino-Japan-ROK Free Trade Area of ​​the Contracting negotiations to play a catalytic role.