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BEIJING (MNI) - The Chinese government should extend the same subsidies
enjoyed by domestic companies to foreign firms as well if it were to abide by
the soon-to-be-implemented new Foreign Investment Law, policy advisors said at
the 6th China Inbound-Outbound Forum held by the Center for China and
Globalization (CCG) on Saturday.
The new regulation, effective 2020, stipulates the government's supporting
policies, including funding, land supply and tax reductions, shall be applied
regardless of nationalities.
Under the spirit of the new law, if the central or local authorities offer
subsidy for state-owned companies, foreign companies should also enjoy the same
support, said Cui Fan, an expert advisor for the Advisory Committee for Economic
and Trade Policy at the Ministry of Commerce.
Despite China's promises, some foreign companies voiced concern about
practical matters like different interpretations of the law across different
departments and regions.
"It should be the new law that force the government to reform its
management mechanism, not the other way around," said Chen Wenling, chief
economist at the China Center of International Economic Exchange, speaking at
the same forum. She noted that the government should coordinate the law with the
workflow of every department, calling for innovating the governance capacity.
China should abandon old laws which are contradictory to the new law, Chen
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