Six months after the implementation of new measures aimed at attracting foreign direct investment in China and optimizing the business environment, official updates on the progress of these measures have been released. Successes have been reported such as productive roundtable discussions with FIEs, extensions of tax breaks for foreign employees and domestic R&D equipment purchases, and enhancements in foreign executive travel procedures. However, work is still ongoing in other key areas.
In July 2023, the State Council issued the “Opinions of the State Council on Further Optimizing the Foreign Investment Environment and Intensifying Efforts to Attract Foreign Investment”, also referred to as the “24 measures”, to boost foreign direct investments in China.
This document includes 24 measures sub-divided into 59 specific items, ranging from…
