Domestic equipment may face greater challenges? The State Council issues an action plan to promote the utilization of foreign investment

Recently, the General Office of the State Council issued the Action Plan for Solidly Promoting High Level Opening up to the Outside World and Strengthening the Attraction and Utilization of Foreign Investment, proposing 24 measures in 5 aspects. It pointed out that greater efforts should be made in creating the environment and improving services, taking the practical issues of concern to foreign-invested enterprises as a breakthrough point, and being good at using innovative thinking to solve contradictions.

The plan proposes to completely abolish the restrictions on foreign investment access in the manufacturing industry; The National Catalogue of Industries Encouraging Foreign Investment will increase support for advanced manufacturing, high-tech, energy conservation and environmental protection, and other fields; Support the inclusion of foreign investment projects in the high-end equipment field in the list of major and key foreign investment projects, and allow them to enjoy corresponding support policies; Support foreign-invested enterprises to participate in standardization technical committees or relevant standardization organizations for advanced manufacturing, engineering materials, etc. under the same conditions, and participate equally in the formulation and revision of standards in accordance with the law; Support foreign-invested enterprises, foreign-funded research and development institutions, and multinational corporations established within China to participate equally in national key research and development plans, major national science and technology projects, and other national science and technology programs; Accelerate the revision of the Tendering and Bidding Law, and eliminate unreasonable restrictions that restrict equal participation in tendering and bidding by enterprises of all types of ownership.

China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com

Source：Instrument Information Network, Chinese Government Network

Translated & edited： Bradyknow