MOFCOM has announced a target of attracting USD 700 billion in foreign direct investment cumulatively within the next five years. The Plan pledges to continue opening up to foreign investment, with a particular focus on market opening, fair competition and local-level policy innovations. Strengthening the government’s ability to mitigate risks, from oversight of cross-border technology transfers to national security review mechanisms, is also a key theme.
China’s new Leading Small Group (LSG) on peak carbon and carbon neutrality was announced on the 27th LSGs are informal mechanisms that allow for high-level coordination between different departments and local governments on specific policy areas. The LSG on carbon neutrality includes several key ministries and significant political figures, and is focused on a challenge that President Xi has personally tied himself to – all of which should grant it strong influence compared to other LSGs.
BritCham China has partnered with Acclime China to lay out what companies need to know ahead of changes to Individual […]
The UK recently characterised China as a major systemic challenger, but bilateral trade in 2020 remained robust. British businesses’ operations in China are now included in services exports, doubling the size of previous estimations. The UK and China have continued to cooperate in certain areas, such as ESG and academic exchange, and this engagement must be preserved.