The 5th plenary meeting of China Association of Enterprises with Foreign Investment was held in Beijing on November 28. Wang Qishan, Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, met with representatives and stressed that "We will unswervingly deepen reform, expand opening up, constantly improve relevant laws and regulations, strengthen organization and system innovation, increase IPR protection, earnestly safeguard the legitimate rights and interests of foreign-invested enterprises, and create a more fair, just and transparent investment environment."

Wang stressed that to create a soft environment conducive to innovation is the common need of domestic and foreign enterprises. All localities and departments should change their investment solicitation measures, optimize the utilization of foreign investment and pay more emphasis on the construction of soft investment environment. In accordance with WTO rules, all localities and departments should strengthen enforcement of IPR protection, continue to effectively combat IPR infringement and manufacturing and selling counterfeit and shoddy goods and provide a good legal environment and system security for all types of market players to conduct fair competition and innovation.

Wang first affirmed the brilliant achievements made by foreign investment during the 30 years of reform and opening up. He said this year is the 10th anniversary of China's accession to the WTO. The Chinese government has honored its commitments made when joining the WTO, particularly including tariffs reduction, market access, and equal treatment to foreign and domestic enterprises. As of now, China has approved the establishment of 730,000 foreign-funded enterprises, actually utilized USD 1.2 trillion foreign capital. Foreign-funded enterprises create more than half of Chinese imports and exports, one-seventh of direct employment, one-fifth of tax revenue and one-fourth of industrial output. It proved that foreign-funded enterprises have made great contribution in China's reform and opening up and modernization, but also gained a lot of interests.

(China IP News)