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ARTICLE · 16 AUGUST 2023

China Issues Policy To Further Boost Foreign Investment

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On Sunday August 13, 2023, the State Council released the Opinions to Further Optimize the Environment for Foreign Investment and Increase Efforts to Attract Foreign Investment...

ChinaGovernment, Public Sector
Lester Ross
Lester Ross
Kenneth Zhou
Kenneth Zhou
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On Sunday August 13, 2023, the State Council released the Opinions to Further Optimize the Environment for Foreign Investment and Increase Efforts to Attract Foreign Investment ("Opinions").1 The Opinions include 24 policy measures in six aspects, including lifting the quality of using foreign investment, ensuring equal treatment of domestic and foreign businesses, and increasing financial and tax support, in a bid to enhance the business environment for foreign investors and boost foreign investor confidence amid an economic slowdown, bleak foreign investment outlook and tougher international trade environment.

According to the National Bureau of Statistics, China's GDP grew by 6.3% in Q2 from a very low base in 2022. However, when compared to Q1, China's GDP grew by just 0.8% from April to June, much lower than the 2.2% quarter-on-quarter growth in Q1.2 China's foreign direct investment (FDI) were 84.35 billion in US dollars from January to May 2023,

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