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1、Foreign Investment Grows as Chinese Market MaturesREFORM and innovation are two buzzwords defining contemporary China. Since China adopted the reform and opening-up policy 40 years ago， foreign companies have injected huge momentum to the Chinese economy， and benefited from the markets fast growth.
2、Last October， in the report he delivered at the 19th National Congress of the Communist Party of China （CPC）， General Secretary Xi stressed that China will make new ground in pursuing opening-up on all fronts. “China will not close its door to the world； we will only become more and more open，” he s
3、aid.China will， as Xi expounded in the report， implement the system of preestablishment national treatment plus a negative list across the board， further open the service sector， and better protect the legitimate rights and interests of foreign investors. “All businesses registered in China will be
4、treated equally，” Xi declared. His remarks signified greater opportunities for foreign investors.Reform Invigorates MarketDongguan， a city in Guangdong Province， is undergoing a fundamental transformation.The city， also known as the “worlds factory，” thrived in the wake of reform and opening-up， as
5、foreign capital poured in. This is why any wind of divestment in last few years would rouse clamors of comments in Dongguan.Looking back， however， the city remained a hot spot for foreign funds by advancing industrial upgrading and restructuring. Cai Kang， head of the local commerce authority， said
6、the oncedominant processing and manufacturing industries are transforming into high-end modern manufacturing.Its normal to see a flow of capital， in either direction， during periods of reform. Dongguan took the initiative to restructure industrial patterns and upgrade technologies， thus optimizing t
7、he utilization of foreign capital.In the first half of 2017， the growth rate of foreign investment doubled in several towns， among which Shijie Town registered a rise of 506.3 percent. The most invested fields included R&D and design， telecommunication， trade and logistics， IT technology， smart phon
8、e chips， camera lenses， and basic parts for robotization.Changes can be seen everywhere across China. In Shanghai， a metropolis on the eastern coast， a national-level pilot free trade zone （FTZ） was set up several years ago， where many foreign companies have settled. Decathlon， a French sports equip
9、ment retailer， unveiled its new Chinese headquarters， China Lab， in the FTZ on September 1， 2017. “We established China Lab to get closer to the Chinese market and provide better products to our customers，”said Wang Tingting， vice president of Decathlon in Greater China. Decathlon first set up offic
10、es in China for procurement in 1992. As Chinas sports and leisure market boomed， the number of its retailing outlets increased?C in the last couple of years 50 stores were opened annually， making it visible in 100 Chinese cities. Decathlon plans to extend its presence to as many as 200 cities， said
11、Wang. China has become more important in the transnational companys business landscape ?C from a source of raw materials， a production base， a retail market， to a R&D center.According to the Ministry of Commerce， in the last five years， the scale of foreign investment in China has been at the forefr
12、ont of the world， which has exerted a positive influence on the Chinese economy and society. At the same time， the pace of industrial upgrading has been expedited. In the first three quarters of 2017， the investment in hi-tech manufacturing and hi-tech services rose by 27.5 percent and 24 percent re
13、spectively over the same period of 2016； and the investment to central China spiked by 46 percent.Zhang Yansheng， chief researcher with the China Center for International Economic Exchanges， said that as profound changes and adjustments continue in China and the world at large， China needs to forge
14、new advantages through reform and innovation.Shrewd investors will adapt themselves to this development， but not bid farewell to a vibrant market.Institutional AdvantagesA more open China is expected as the spirit of reform and innovation is embraced.At the BRICS Xiamen Summit in September 2017， att
15、ending heads of state approved a host of outcome documents， including the Outlines for BRICS Investment Facilitation， the first of its kind in the world. One year earlier， at the G20 Hangzhou Summit， the G20 Guiding Principles for Global Investment Policymaking was adopted. It was the first multilat
16、eral investment framework to be established.China has long participated in global economic governance， business， and trade rule-making. It believes that effective institutions and systems are needed to contain the rise of protectionism， and become an anchor amid increasing uncertainties. In the past two years， China began to play a leading role in promoting free investment worldwide， as exemplified by the aforementioned documents. Why？ The answer
