China’s Plan to Attract Foreign Investment, BRICS Summit in Xiamen – China Market Watch

Posted on by
China Market Watch banner

China’s State Council to promote foreign investment growth

On August 16, the State Council released a circular (Guo Fa [2017] No. 39) that detailed measures to promote foreign investment growth as part of China’s opening-up strategy.

The circular entails 22 measures that could be divided into five categories, including reducing market entry restrictions for foreign investment, making supportive fiscal and taxation policies, improving the investment environment for national development zones, attracting foreign talent, and optimizing the business environment.

While concrete policy plans to help foreign investors have yet to be issued, foreign investors could take the circular as a positive sign of the government’s intent to further relax restrictions on foreign investment. This is particularly the case as specific ministries have been put in charge and implementation timelines have been outlined for each measure in the circular.

Ford Motor, Chinese automaker in talks to build electric car

US-based Ford Motor Company said it is in discussions with Anhui Zotye Automobile Co, a privately owned Chinese brand that specializes in electric vehicles, about setting up a joint venture to develop and manufacture electric cars in China.

The US automaker has entered into a memorandum of understanding with Anhui Zotye to explore the possibility of creating a Chinese brand aimed at producing all-electric cars for the local marketplace, which is the world’s largest for electric cars.

This move is in line with China’s aggressive push for more electric cars to reduce pollution in major cities. The government has supported sales with subsidies, and authorities are planning a quota system that would require automakers to produce electric cars, or buy credits from others that do.

Earlier this year, Volvo Motor announced plans to make electric cars in China for global sale starting in 2019. General Motors, Volkswagen AG, Nissan Motor and others also have announced plans to make electric vehicles in China.

Professional-Service_CB-icons-2017 RELATED: Pre-Investment and Entry Strategy Advisory from Dezan Shira & Associates

China hosts BRICS Summit in Xiamen

Between September 3 and 5, leaders from Brazil, Russia, India, China, and South Africa (known collectively as BRICS) will meet in Xiamen. In addition to BRICS countries, China has invited leaders from Egypt, Guinea, Mexico, Tajikistan, and Thailand to attend the summit as a part of  ‘BRICS Plus’ scheme. Leaders will discuss economic, political, and security cooperation during the summit.

Many analysts expect the summit’s discussions to focus on climate change and renewable energy initiatives, which are priorities for both China and India, as well as a BRICS credit agency to rival Western credit agencies, which is a priority for China and Russia. Others, however, will closely watch statements made by representatives from China and India; the two countries recently agreed to de-escalate a two-month border dispute.


China Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Asia, including ASEAN, India, Indonesia, Russia, the Silk Road, and Vietnam. For editorial matters please contact us here, and for a complimentary subscription to our products, please click here.

Dezan Shira & Associates is a full service practice in China, providing business intelligence, due diligence, legal, tax, IT, HR, payroll, and advisory services throughout the China and Asian region. For assistance with China business issues or investments into China, please contact us at or visit us at

Related Reading

dsa brochure

Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.

DSA Guide_An Introduction to Doing Business in China 2017_Cover90x126

This Dezan Shira & Associates 2017 China guide provides a comprehensive background and details of all aspects of setting up and operating an American business in China, including due diligence and compliance issues, IP protection, corporate establishment options, calculating tax liabilities, as well as discussing on-going operational issues such as managing bookkeeping, accounts, banking, HR, Payroll, annual license renewals, audit, FCPA compliance and consolidation with US standards and Head Office reporting.

IC magazine frontcover 90x126

In this issue of China Briefing magazine, we provide foreign investors with best practices for implementing internal controls in China. We explain what makes China’s internal control environment distinct, and why China-based operations need to prioritize internal control. We then outline how to execute an internal control review to gauge organizational resiliency and identify gaps in control points, and introduce practical internal controls for day-to-day operations. Finally, we explore why ERP systems are becoming increasingly integral to companies’ internal control regimes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

News via PR Newswire

Never Miss an Update

Subscribe to gain even better insights into doing business throughout the China. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorites, wish lists and gift functions and access to otherwise restricted content.

Scroll to top