www.macaubusiness.com Open in urlscan Pro
2606:4700:3108::ac42:287b  Public Scan

Form analysis
4 forms found in the DOM

GET https://www.macaubusiness.com/

<form method="get" class="td-search-form" action="https://www.macaubusiness.com/">
  <div role="search" class="td-head-form-search-wrap">
    <input id="td-header-search" type="text" value="" name="s" autocomplete="off"><input class="wpb_button wpb_btn-inverse btn" type="submit" id="td-header-search-top" value="Search">
  </div>
</form>

GET https://www.macaubusiness.com/

<form method="get" class="td-search-form" action="https://www.macaubusiness.com/">
  <div role="search" class="td-search-input">
    <input id="td-header-search-mob" placeholder="Search" type="text" value="" name="s" autocomplete="off">
    <button id="td-header-search-mob-submit" type="submit">GO</button>
  </div>
</form>

POST /china-fosters-new-foreign-trade-drivers-optimal-investment-environment/#wpcf7-f198068-p645328-o1

<form action="/china-fosters-new-foreign-trade-drivers-optimal-investment-environment/#wpcf7-f198068-p645328-o1" method="post" class="wpcf7-form" novalidate="novalidate">
  <div style="display: none;">
    <input type="hidden" name="_wpcf7" value="198068">
    <input type="hidden" name="_wpcf7_version" value="5.1.1">
    <input type="hidden" name="_wpcf7_locale" value="en_GB">
    <input type="hidden" name="_wpcf7_unit_tag" value="wpcf7-f198068-p645328-o1">
    <input type="hidden" name="_wpcf7_container_post" value="645328">
    <input type="hidden" name="g-recaptcha-response"
      value="03AFcWeA6NbDXrCXA0ETCeYBRcO9pSgIEpyg392APBvx2t4G-TaPZ8u_S1tP8jl9lcQ-Ie7-6rxb4zUCRxmcEUXooBALpWcdwzNrTshQ-vVCo4f-YzglTSAUTxSAwOQgPbGACMGcKB8tgQJ0BgJgsj230Mof3OdjfYXFIaXY3kthP4JiBTEaYc8-BAjtpFKGoc6sKJKREwtvJXAl15792yrfedmUk0nB_27smS2Qo12acDQ1HHCY8_E54tAJdhnBxR_OD3mcxPcRe2tIiTrHCcdZgUyl16AyHS8A10hutWFjBWXJs1ZX6jGpY7B4bfkDKhizMd5LTnfqnrcX0dO6gCGc-PZglgPxb8Ffr-LRq1Pf4oTbwPNA6F9f3T-WU7zIFMjz2mK2K4K6c6N1SLOBAYkVHXLvMhNgBnAx_xA72Vq45U2kZnS8TOPWq9BOX_3NlYuTl90gkqTPHK0hsJllX61M5my4bhosT4Enf93NSd-wQXo5IY835lyov3r1F9SW_B0G71P3CuisXjyoCpnwi3F_przQDn2vDzH5oX7QpBcOFIBNVDudoQhGA2JsflVaLp3Vc292O1Y7XkO7Ym68Gv6luqMHh2aUhOzzTnnLtIF-yuxAQ5-DAlWtbviRvsQxz3C0rQb5pGjdtSTkNBK9MrdR-C7QDqzQzaHXRqOMX8-F9pceqVLGG7pGc3k5Scv9OrkGeZFxL0d1c4D2Ff_qpYHVmx6c3ikaJCSr_POuu3ApiI7tm-vAw56vwkovSJFVCTJqtnXzD4dy7F4Iv32issPTGVSSqoyJE5YbCLsrccb58FFYJsWSax43hBgVlcLB2NWpuYCIg8tVeDr9pUlKasa21ZXVhVFnlnADk66KS5u7krQieSuUKvKeNrLL3hsa5F517dqXxIEChgeIdZX_NwT8HK59FmaKofFEUeyYC8Z9HfoyR8Oekgwvw">
  </div>
  <div><label><span class="wpcf7-form-control-wrap contact-name"><input type="text" name="contact-name" value="" size="40" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false"
          placeholder="Name"></span></label></div>
  <div><label><span class="wpcf7-form-control-wrap contact-email"><input type="email" name="contact-email" value="" size="40" class="wpcf7-form-control wpcf7-text wpcf7-email wpcf7-validates-as-required wpcf7-validates-as-email" aria-required="true"
          aria-invalid="false" placeholder="Email"></span></label></div>
  <div><label><span class="wpcf7-form-control-wrap contact-message"><textarea name="contact-message" cols="40" rows="10" class="wpcf7-form-control wpcf7-textarea" aria-invalid="false" placeholder="Message"></textarea></span></label></div>
  <div><input type="submit" value="Send" class="wpcf7-form-control wpcf7-submit"><span class="ajax-loader"></span></div>
  <div class="wpcf7-response-output wpcf7-display-none"></div>
</form>

POST https://www.macaubusiness.com/?na=s

<form class="tnp-form" action="https://www.macaubusiness.com/?na=s" method="post" onsubmit="if (!window.__cfRLUnblockHandlers) return false; return newsletter_check(this)"><input type="hidden" name="nr" value="widget-minimal"><input class="tnp-email"
    type="email" required="" name="ne" value="" placeholder="Email"><input class="tnp-submit" type="submit" value="Send"></form>

Text Content

 * Macau News Agency
   * All News
   * Macau
   * China
   * International
   * Gaming
   * Finance
 * Macau Business TV
   * Corporate
   * Documentaries
   * Events
   * Exclusive Interview
   * Reports
   * Debates
 * Opinion
 * About Us
 * Careers
 * Business Intelligence
 * Essential Macau
 * Macau Business


Macau Business Macau Business Macau Business Macau Business
Business Intelligence
 * About Us
 * Careers

GO



 * MNA
 * Macau
 * Greater Bay
 * China
 * International
 * Gaming
 * Finance

More
 * Opinion
 * Editorial
 * Special Reports
 * Partner Content


January 9, 2024
 * MNA
 * China


CHINA FOSTERS NEW FOREIGN TRADE DRIVERS, OPTIMAL INVESTMENT ENVIRONMENT

By
Xinhua News Agency
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 



With global trade forecast to underperform in 2023 and cross-border capital flow
fluctuations drawing widespread concern, China is fostering new drivers to
consolidate its status as a leading trader as well as a favored destination for
foreign investors.

In the face of global economic fragility, guest speakers at the third episode of
the China Economic Roundtable, an all-media talk platform hosted by Xinhua News
Agency, dwelled upon how China prepares to strengthen its trade with global
partners, its efforts to boost the confidence of investors, and the profound
implications these factors will have on global trade and investment.

NEW DRIVERS OF FOREIGN TRADE

In a December forecast, the United Nations Conference on Trade and Development
(UNCTAD) said that the outlook for 2024 remains “highly uncertain” and
“generally pessimistic,” and predicted that global trade in 2023 would fall by
around 5 percent compared to the 2022 level.

Ongoing geopolitical tensions, lower demand in developed countries, an uptick in
trade-restrictive measures, commodity price volatility and lengthening supply
chains were among the factors weighing on trade, UNCTAD warned.

In the face of these challenges, China, the world’s second-largest economy and
the biggest goods trader, has been striving to tap into new trade potential.
China’s central economic work conference held in December emphasized fostering
new drivers of foreign trade by expanding trade in intermediate goods, trade in
services, digital trade and exports of cross-border e-commerce.

Chinese customs data shows that the nation’s exports and imports reached 37.96
trillion yuan (about 5.35 trillion U.S. dollars) in the first 11 months of 2023,
staying flat from the same period in 2022, while exports alone hit 21.6 trillion
yuan, up 0.3 percent year on year.

“Under such circumstances, China’s foreign trade has maintained both stability
in terms of scale and growth in exports,” according to Zhang Wei, vice president
of the Chinese Academy of International Trade and Economic Cooperation under the
Ministry of Commerce (MOC).

Zhang highlighted China’s exports of three major tech-intensive green products —
solar batteries, lithium-ion batteries and electric vehicles — which have
maintained rapid growth, saying that services trade, digital trade, cross-border
e-commerce and intermediate goods trade are rising.

“I think the rapid growth of these new trends reflects the fact that China’s
foreign trade remains very resilient and competitive,” Zhang said.

UTILIZATION OF FOREIGN INVESTMENT

China attaches great significance to foreign direct investment (FDI), given its
huge contribution to advancing the nation’s economic and social development.

Zhu Bing, director of the MOC’s department of foreign investment administration,
said that China, through the recently held central economic work conference, has
sent a positive signal of expanding opening up and attracting foreign
investment.

As an outcome of the conference, foreign investment’s market access in service
industries such as telecommunications and healthcare will be further relaxed.
This came after the country announced in October 2023 that it would remove all
restrictions on foreign investment access in the manufacturing sector.

“This will stabilize foreign investors’ expectations,” Zhu said, adding that the
assurance and firmness of China in opening up and attracting foreign investment
will provide much-needed certainty in the face of the unpredictability in
today’s world.

Government data shows a 10-percent decline in actual FDI into China in the first
11 months of 2023. Zhu said that despite the drop, FDI in China during the
period still managed to top 1 trillion yuan and remained at a high level. “It is
normal for the scale of foreign investment to fluctuate. There are various
reasons for this, including both economic and non-economic factors,” Zhu
explained.

He listed factors such as the impact of the COVID-19 pandemic that might have
caused a lag in investment data, bearing in mind the long cycle of investors’
investment decisions, geopolitics and the overall shrinkage in the scale of
global FDI, which fell to 1.3 trillion U.S. dollars in 2022, down by about 12
percent year on year, according to UNCTAD data.

OPTIMIZING BUSINESS ENVIRONMENT

During their discussions at the Roundtable, Zhu said that stability, fairness,
transparency and predictability are important criteria for assessing a country’s
business environment, and the Chinese government strives to provide investors
with all these.

“We very much welcome multinational companies and small and medium-sized
enterprises from overseas to invest in China,” Zhu said, adding that the
cooperation between these enterprises and domestic ones is an important new way
for foreign investment to enter the Chinese market.

“Optimizing the business environment should include several areas, including
investment liberalization, facilitation, promotion and protection, on which
China’s Foreign Investment Law has made very clear specifications and
requirements,” he said.

“We are doing a lot to facilitate investment, and approval procedures are being
simplified. In terms of investment promotion, local governments are also
increasing their efforts. In the post-pandemic era, cross-border travel has also
become easier,” he said.

In a recent move to boost international exchanges, the country started to
implement a unilateral visa-free policy for ordinary passport holders from
France, Germany, Italy, the Netherlands, Spain and Malaysia on a trial basis,
effective from Dec. 1, 2023 to Nov. 30, 2024. The move allows holders of
ordinary passports from the six countries to enter China visa-free for business,
tourism, visiting relatives and friends, and transit, for a period of no more
than 15 days.

During the discussion, Zhao Yugang, an official with the Shanghai Pilot Free
Trade Zone management committee, also shared the good practices of the zone,
which celebrated its 10th anniversary in 2023. “The Shanghai Pilot Free Trade
Zone has made breakthroughs in investment management, trade facilitation,
financial innovation and government-function transformation,” Zhao said.

Through these efforts, more than 84,000 companies were registered in the
Shanghai Pilot Free Trade Zone and the actual FDI reached 58.6 billion dollars
over the past 10 years, Zhao said.

“In terms of investment management, we have released China’s first negative list
for foreign investment access and taken the lead in implementing the negative
list system. In terms of trade facilitation, we have also established the
nation’s first single-window platform to facilitate trade activities,” Zhao
said.

Zhang Wei added that in the past 45 years, opening up has played an important
role in China’s economic development. “In the future, we also hope to give full
play to the leading role of high-level opening up to drive China’s economy
forward.”



TOP STORIES

International November 29, 2024


MEXICO PRESIDENT DOWNPLAYS RISK OF TRADE WAR WITH TRUMP

International November 29, 2024


GOOGLE BUYS 27-MLN-EURO LAND IN FINLAND FOR DATA CENTER EXPANSION

Macau November 29, 2024


ZHUHAI RESIDENTS ABLE TO ENTER MACAU ONCE A WEEK FROM JAN 1, 2025

International November 29, 2024


WHO WANTS BIRD FLU SURVEILLANCE STEPPED UP

Macau November 29, 2024


MACAU’S FIRST IN-SPA HEALTH CENTRE REDEFINES LOCAL WELLNESS LANDSCAPE AT WYNN
PALACE

International November 29, 2024


NEW VENEZUELA LAW PUNISHES SUPPORT FOR SANCTIONS WITH HEAVY JAIL TERMS

International November 29, 2024


FRANCE ARRESTS 26 AS SOUTH ASIAN MIGRANT TRAFFICKING RING SMASHED

China November 29, 2024


FOREIGN R&D CENTERS IN BEIJING LOG SURGING R&D EXPENDITURES IN JANUARY-AUGUST

International November 29, 2024


CANADA WATCHDOG SUES GOOGLE OVER ‘ANTI-COMPETITIVE’ AD TECH

International November 29, 2024


PORTUGAL: CAR COMPONENT MANUFACTURER REPAID COVID LOAN BEFORE DECLARING CLOSURE

International November 29, 2024


SPAIN BUSTS HASHISH SMUGGLERS USING UKRAINIAN DRONES

International November 29, 2024


BERLIN DOCTOR SUSPECTED OF KILLING EIGHT ELDERLY PATIENTS

China November 29, 2024


THREE WRONGFULLY IMPRISONED CHINESE CITIZENS RETURN FROM U.S.: FM SPOKESPERSON





RELATED ARTICLESMORE FROM AUTHOR


MEXICO PRESIDENT DOWNPLAYS RISK OF TRADE WAR WITH TRUMP

November 29, 2024
Mexican President Claudia Sheinbaum on Thursday ruled out a trade war with the
United States...


GOOGLE BUYS 27-MLN-EURO LAND IN FINLAND FOR DATA CENTER EXPANSION

November 29, 2024
Google has acquired a 27-million-euro land parcel in Finland to expand its data
center operations,...


ZHUHAI RESIDENTS ABLE TO ENTER MACAU ONCE A WEEK FROM JAN 1, 2025

November 29, 2024
Starting January 1, 2025, residents of Zhuhai can apply for a visa that allows
them...


WHO WANTS BIRD FLU SURVEILLANCE STEPPED UP

November 29, 2024
The World Health Organization urged countries to step up surveillance for bird
flu after the...
Load more



OPINION

Paulo A. Azevedo
96 Posts
Oriol Caudevilla
39 Posts
Nelson Moura
86 Posts
Jean Jinghan Chen
7 Posts
Sonny Lo Shiu Hing
274 Posts
Keith Morrison
132 Posts
José I. Duarte
486 Posts
José Carlos Matias
110 Posts
Jorge Costa Oliveira
32 Posts
António Lobo Vilela
28 Posts
Paulo A. Azevedo
96 Posts
Oriol Caudevilla
39 Posts
Nelson Moura
86 Posts
Jean Jinghan Chen
7 Posts
Sonny Lo Shiu Hing
274 Posts
Keith Morrison
132 Posts
José I. Duarte
486 Posts
José Carlos Matias
110 Posts



UTM COMMENTS


TOURISM AND ITS RELATIONSHIP WITH SOCIAL SUSTAINABILITY

November 17, 2024
Macau can adopt several strategies to promote socially sustainable tourism.
These include involving local residents...


SHAPING A GENERATION OF ENTREPRENEURS

October 20, 2024
Authentic application of Project Based Learning gives learners the chance not
only to ideate solutions...


IN-DEPTH LOCAL TOURS CONTINUE TO ENHANCE UNIQUE CULTURAL EXPERIENCES

September 22, 2024
While in-depth local tour offers a transformative and enriching experience for
travellers, it also poses...


BALANCING SUSTAINABILITY AND SERVICE QUALITY? IS THERE ANY CONFLICT?

August 22, 2024
UTM Comments is a partnership between Macau News Agency and Macao University of
Tourism 
Load more

OUR PARTNERS




CONTACT US



SUBSCRIBE TO OUR NEWSLETTER




LATEST NEWS


MEXICO PRESIDENT DOWNPLAYS RISK OF TRADE WAR WITH TRUMP

International November 29, 2024


GOOGLE BUYS 27-MLN-EURO LAND IN FINLAND FOR DATA CENTER EXPANSION

International November 29, 2024


ZHUHAI RESIDENTS ABLE TO ENTER MACAU ONCE A WEEK FROM JAN 1, 2025

Macau November 29, 2024


WHO WANTS BIRD FLU SURVEILLANCE STEPPED UP

International November 29, 2024


MACAU’S FIRST IN-SPA HEALTH CENTRE REDEFINES LOCAL WELLNESS LANDSCAPE AT WYNN
PALACE

Macau November 29, 2024
© Copyright 2019