Government and Policy

V.President Xi speeks at World Investment Forum 2010

(Xinhua)
Updated: 2010-09-07 21:32

Second, we continue to build a market environment for fair competition. Development will not be possible without competition which, in turn, demands fair play. The Chinese government's policy to encourage indigenous innovation applies to all enterprises in China and therefore cover all foreign-invested enterprises lawfully set up in China. This is an open and creative move taken in the broader context of international cooperation. Last April, after publicly soliciting opinions from Chinese and foreign investors, China made adjustments to the criteria for accreditation of "indigenous innovation-based products". According to the new criteria, foreign-invested enterprises are also producers of "Made in China" goods and therefore enjoy equal country of origin and national treatment as their fully Chinese-funded counterparts. The Chinese government is approaching the negotiation to join the WTO Government Procurement Agreement with a responsible attitude. The Chinese government will make all procurement and construction projects involving government budget open and transparent to Chinese- and foreign-invested enterprises and their products alike. As a matter of fact, foreign-invested enterprises won 55.4 percent of all bids in the international tendering conducted for 12,000 mechanical and electric products procurement programs in 2009.

Third, we continue to build a steady and orderly business environment. Intellectual property rights (IPR) protection is high on the agenda of the Chinese government, and a series of relatively full-fledged IPR protection systems have been instituted over the last two decades. In 2008, China developed the Outline of the National Intellectual Property Strategy, upgrading IPR protection to a national strategy. The five years between 2006 and 2010 witnessed the introduction of a host of annual IPR protection action plans. The Chinese government has reinforced IPR protection law enforcement via a number of special campaigns against online IPR infringement, piracy, etc. In the years ahead, the Chinese government will continue to improve the market system, remove market barriers, maintain market order and protect the rights and interests of investors, so that all market players, foreign-invested enterprises included, not only enjoy their rightful place in the Chinese market but will also grow their business on a sustainable basis. China will also improve systems, mechanisms, laws and regulations designed for IPR protection to offer more effective and efficient protection to investors and IPR owners. We welcome continued cooperation and supervision of foreign-invested enterprises on China's actions and progress in regulating IPR infringement.

China is committed to improving its investment environment and the quality of foreign investment utilization. With a wide-scope, multi-tiered and all-dimensional opening-up pattern already in place and with the opening of China's manufacturing industry, most agricultural sectors and 100 service trade sectors, China hopes to remain a most appealing destination of investment in the world. These facts prove that China holds a competitive edge and its investment environment remains attractive to foreign-invested enterprises. China is now in a new phase of reform and opening-up and is working to integrate the transformation of its external and internal patterns of development in order to gain a new edge in international economic cooperation and competition in a globalized world economy.

Ladies and Gentlemen,

What we have is an open world and an open global economy. Under such circumstances, all countries need to develop an open economy if they were to accelerate development. The pace of growth of an open economy hinges on how wide it opens, and its prospect is determined by how well it opens. China will expand the breadth and depth of opening-up to deepen opening-up along the coast, accelerate opening-up in the hinterland and upgrade opening-up of the border regions. We will promote reform, development and people's living standards all through opening-up. In so doing, we will make fresh contribution to strong, sustainable and balanced growth of the world economy and advance economic globalization in a balanced and all-win direction that benefits all countries.

In conclusion, I sincerely wish the World Investment Forum 2010 a complete success.

Thank you.