On July 23, Meng Huating, director of the Foreign Investment Management Department of the Ministry of Commerce, said at a press conference that in the second half of the year, it will continue to focus on the goal of using foreign capital to stabilize and promote excellence, further shape new advantages in attracting foreign investment, and do a good job of expanding volume, stabilizing stocks, and improving quality. In terms of volume expansion, we will continue to implement a high level of opening-up to the outside world, steadily and orderly deepen open pilot projects in fields such as value-added telecommunications, biotechnology, wholly foreign-owned hospitals, and vocational skills training institutions, to support Beijing in raising the level of construction of a comprehensive national service industry demonstration zone. It will also speed up the revision and introduction of regulations on mergers and acquisitions of domestic enterprises by foreign investors. We will continue to build the “Invest in China” brand and carefully design a series of investment promotion activities. The China International Investment and Trade Fair is an iconic exhibition for “Investing in China”. It will be held for the 26th time this year. Multinational companies are welcome to actively participate in the exhibition.

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