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Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen Holds Video Conference with CCIFC

On December 1, Wang Shouwen, Vice Minister of Commerce and Deputy China International Trade Representative, held a video conference with CCI France Chine (CCIFC), where both sides discussed China’s foreign investment-stabilizing policies, business environment, and 14th Five-Year Plan. Christophe Lauras, President of CCIFC and Senior Vice President of Accor, also attended the meeting, together with over 40 CCIFC members including Club Med, Faurecia, Pernod Ricard, Pierre Fabre, L'Oréal, EDF, Groupama AVIC Insurance, and Airbus.

Wang Shouwen pointed out that last May, President Xi Jinping proposed a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other and reemphasized that this new paradigm “is not a development loop behind closed doors, but more open domestic and international circulations. We will do so not only to meet China’s own development needs but also for the greater benefit of people in all countries.” “Over the past 40 years, foreign-invested enterprises have brought to China capital, talents, technologies, and management expertise, as well as access to the international market. They have already become important participants in both domestic and international circulations. The fifth plenary session of the 19th CPC National Congress has put forward a comprehensive plan for China’s 14th Five-Year Plan period, setting main objectives for social and economic development. We hope that French enterprises could seize the opportunities presented by the next five years and play an active role in the new development paradigm to pursue a better prospect,” Wang said.

Wang Shouwen also introduced to the attendees China’s work to stabilize foreign investment this year, including fully implementing the Foreign investment Law and its implementing regulations, shortening national and pilot free trade zone (FTZ) negative lists, revising the Catalogue of Industries for Encouraging Foreign Investment, further developing free trade ports and pilot FTZs, improving national economic and technological development zones, establishing a special task force for key foreign-invested projects to assist in work resumption, and pushing forward negotiations of the China-EU investment agreement. “The Chinese government will focus on creating a market-oriented, world-class business environment underpinned by a sound legal framework. In this process, we are open to comments and recommendations from French enterprises,” Wang said.

CCIFC commended China’s efforts in recent years to improve the business environment, better protect foreign-invested enterprises, ensuring equal market access, and reducing administrative restrictions. CCIFC expressed its willingness to play as a catalyst in cooperation between Chinese and French enterprises.