Davos Forum Discusses China's Investment Environment

In from September 10th to 12th, the opening ceremony of the 2014 Summer Davos forum was held in Tianjin.

During the forum, Premier Li Keqiang made numerous statements that China's economy would not have a "hard landing". China should treat all kinds of enterprises equally. China's door is becoming more and more open.

Lu Wei, director of the state Internet Information Office, also said that the Chinese government's open policy will not change.

The official position of China is equivalent to a "reassurance" for foreign enterprises to invest in China.

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No hard landing.

"Will China rebalance its economy, and it will not cost a lot?"

Lord J. Adair Turner, a senior research fellow at the INET, proposed at the forum that China's economy is an investment oriented economy, bringing risks of over investment, high debt levels and a large proportion of credit to GDP, and he waits for China's sustainable development.

"To look at the Chinese economy, we should not just look at the current situation, look at the local situation, see the" single subject ", but also look at the trend, look at the overall situation and see the total score.

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The basic idea of interval regulation is to keep the economic growth rate at around 7.5%, higher and lower.

Speaking at the opening ceremony of the forum, Li Keqiang said that China's economy has great resilience, potential and room for maneuver, and there will be no "hard landing".

Li Keqiang said that under the new normal situation of economic operation, the Chinese government has been focusing on the long-term problems of structural adjustment, such as structural adjustment, and so on.

For example, there are some fluctuations in electricity consumption and freight volume in 7 and August. This is inevitable and predictable because the economic situation at home and abroad is still complex and changeable.

Li Keqiang also mentioned that the main driving force for China's sustained economic development is from reform and innovation, and the government can spare more energy to build a new economy.

Transparent and fair competition market will enable all kinds of enterprises, including multinational companies, to increase investment in innovation in China, because only innovation can lead the market to get consumers' favor.

"China's accession to the WTO in 2001 has played an important role in the rapid development of China. After that, I think China will set up a new framework and be more open."

Zhang Xiaoqiang, executive vice president of the China International Economic Exchange Center, talked about how the Chinese government will maintain its balance in the next few years.

Lord J. Adair Turner also questioned whether China could get rid of the very dense growth pattern of carbon emissions.

"Two years ago, China's carbon dioxide emissions were already 100 billion tons. In the UK, there are 6 million tons of emissions. By the middle of 2020, it will be reduced to 4 million tons. This will be 3% of China's emissions, so it is difficult to persuade the British people, if the Chinese do not act positively."

Khalid A.AlFalih, President of Saudi oil company, raised the same question when exchanging with the prime minister.

"Addressing climate change is not only an international obligation for China as a responsible big country, but also an urgent need for our own development."

Li Keqiang responded that China's economy is still in its developing stage, but the contradiction between resources and environment has been very prominent. We must increase energy conservation and environmental protection, take reform and innovation as the driving force, and focus on reducing excess capacity, especially eliminating backward production capacity. We should cultivate new growth points and increase energy conservation and emission reduction efforts.

Li Keqiang stressed that China has put forward the declaration of war against pollution and conscientiously performs corresponding international responsibilities. It is studying the objectives of China's control of greenhouse gas emissions before and after 2030, including the peak value of carbon dioxide emissions, the decreasing value of carbon emission intensity ratio and the rising proportion of non fossil energy sources.

China's efforts to promote green, circular and low-carbon development will not only be determined and capable, but will also rely on scientific and technological innovation to carry out arduous and continuous efforts to increase environmental control efforts, speed up the development of energy saving and environmental protection industries, strive to accomplish the tasks of energy conservation and emission reduction, and work with the rest of the world to cope with climate change and take concrete actions.

Anti monopoly is not directed against foreign enterprises.

Recently, China's anti-monopoly has been expanding and its frequency has been increasing.

According to the statistics of China new financial network, since the beginning of last year, China has issued 6 anti monopoly tickets, amounting to nearly 3 billion yuan.

Since China launched an anti-monopoly investigation, there have been occasional voices saying that antitrust is selective enforcement, targeting foreign companies only.

The European Union Chamber of Commerce and the China Chamber of Commerce in the United States recently said that foreign-funded enterprises were treated unfairly in China's anti-monopoly.

In September 9th, Mr. Schwab, chairman of the Davos forum, also expressed to Premier Li Keqiang "many foreign enterprises' concerns about China's business environment".

In response to Mr. Schwab, Li Keqiang stressed that only 10% foreign enterprises were involved in the Chinese antitrust investigation.

China's Antimonopoly is not targeted at specific enterprises or selective enforcement.

China opposes protectionism in all its forms, and even disapproves of a trade war.

Li Keqiang hopes that foreign companies that enter China can abide by business ethics and laws, fair trade.

At the same time, China's anti trust investigations, including anti-monopoly investigations, are conducted in accordance with the law, pparent and fair.

Moreover, it is also conducive to China's opening wider to the outside world, that is, more foreign capital and foreign products are willing and willing to enter China because of a fair competition environment.

Lu Wei, director of the state Internet Information Office, also said at the Davos forum that the investigation of China's anti-monopoly is a work done by the Chinese government in accordance with the law. It does not target any enterprise, and the Chinese government's open policy will not change.

But all enterprises that invest in China must abide by Chinese laws.

Some experts have analyzed that China's anti-monopoly has entered the new normal, regardless of the nature of the industry and enterprise. As long as monopoly exists, it will be included in the anti-monopoly investigation and punishment, and there is no "selectivity" mentioned by the outside world. Strengthening anti-monopoly efforts will help maintain market order and fair competition environment, and the future anti-monopoly law enforcement will be more frequent and larger.

At the end of last year, the national development and Reform Commission launched an antitrust investigation against Qualcomm Corp.

At the summer Davos forum in September 10th, Paul Jacob, chairman of Qualcomm, said he had no comment on the issue of antitrust and hoped to achieve a win-win situation with Chinese companies.

He said: "Qualcomm has a long term relationship with China. It is still a growing economy and an active market. High technology is good for technological innovation and partnership opportunities."

China's door is becoming more and more open.

In the summer of 2014, the Davos forum deliberately set up a sub Forum: China's business environment under changing circumstances.

Many foreign guests remain skeptical about the openness of the Chinese market.

Premier Li Keqiang also responded in his speech at the opening ceremony: "we insist on implementing a more proactive open strategy, improving an open economic system, paying attention to stabilizing exports, and actively expanding imports. We are willing to speed up the opening up of the service sector, the border areas and the central and Western Regions, maintain the stability of foreign investment policies, and will be more open."

"We will continue to optimize and standardize the business environment, continue to attract foreign enterprises to invest in China, and learn advanced foreign technology, mature management experience and excellent cultural achievements.

China will always be an open big country, a great learning nation and a big country with tolerance. "

"It also shows that China is fair to all kinds of enterprises. This is fair. I hope more foreign investment will enter China, and the door of China will be more and more open."

On the sub forum of "the future of the Internet economy", Lu Wei, director of the state Internet Information Office, talked about the reasons for the rapid development of China's Internet. First of all, it was summed up as "China's policy is open. Without reform and opening up and without an open policy, China's interconnection can not be developed at such a rapid pace, and it is still developing at a high speed."

Lu Wei said that the Chinese government's open policy will not change.

On the specific measures, Li Keqiang also proposed that China should explore the management mode of the national treatment + negative list of access rights, that is to say, it should be more open to foreign capital and be open to all enterprises inside and outside the country, so that our market will have greater space for enterprise creation and more fair and reasonable competition through loosening access.

Zhang Xiaoqiang, executive vice president of the China International Economic Exchange Center, said that national treatment plus negative list management means that foreign investors will be more involved in China's economy, especially in China's service industry.

"In fact, the negative list has been put into practice in the Shanghai Free Trade Zone experiment.

The treaty between China and the United States and the European Union is in progress, and both sides agree that we should have high standards, based on national treatment and negative list.

Zhang Xiaoqiang said.

Xu Huchu, a global partner at Davos, told Tencent financial interview in the summer of 13th Five-Year that the next five to ten years will be the key stage for Chinese enterprises to enter globalization. The government and enterprises should first put the idea of globalization through the whole strategy when formulating the "plan for the year".

Though living in the background of foreign capital, Xu Huchu has always believed in China's open environment: "I firmly believe that China's environment is becoming more and more open, and there is no doubt about it.

The pace of openness will continue to move forward. "

In Xu Huchu's view, the Chinese government has become more mature in dealing with the development of economy.

For example, the quality requirements of the introduction of foreign-funded enterprises are higher, and the overall supervision of foreign capital will be stricter.

The core purpose is to enable these enterprises to provide high quality products to everyone in a very strict environment.

"In the past, many enterprises were allowed to enter foreign brands, and such a situation would become more and more rare during the" 13th Five-Year "period.

"Foreign enterprises should really compete with local enterprises on a starting line."

Xu Huchu told Tencent finance that "in the past, the Chinese government has given foreign companies many" non (super) national treatment "in order to develop the economy, which in turn is unreasonable for Chinese enterprises.

Therefore, we must provide an open and fair competition environment, and whoever has the ability can defeat others. "