What Foreign Companies Can Expect from China's 14th Five-Year Plan
China Today (English)|June 2021
ON March 11, the Fourth Session of the 13th National People’s Congress (NPC) approved the Outline of the 14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives Through the Year 2035.
ZHANG PINGPING
What Foreign Companies Can Expect from China's 14th Five-Year Plan

The adoption of this master plan for China to embark on a new journey of building a modern country in all respects is a landmark and has attracted extensive attention both at home and abroad.

Many foreign companies in China are particularly concerned about how the 14th Five-Year Plan will affect their investment and future development here. L’Oreal, Michelin, Schneider Electric, Safran, and Stellantis Group, among others, expressed their expectations for China’s 14th Five-Year Plan and the resulting development opportunities.

New Prospects for Win-Win Cooperation

On March 1, 10 days before the adoption of the 14th Five-Year Plan, the Ministry of Commerce issued a circular on stabilizing foreign investment for the construction of a new development pattern. According to the circular, China will draw up the 14th Five-Year Plan for the Utilization of Foreign Investment this year, formulate a negative list for cross-border trade in services in pilot free trade zones, further lift restrictions on foreign investment outside the negative list, and ensure the implementation of opening-up measures in the automotive, financial, and other sectors.

Premier Li Keqiang said at a press conference on March 11 that China had proposed to position itself on the new stage of development, implement a new development philosophy and build a new pattern of development with domestic development as the main focus and international and domestic development cycles reinforcing each other. This is not only to expand the domestic market, but also to further open up.

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Diese Geschichte stammt aus der June 2021-Ausgabe von China Today (English).

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