ANNOUNCEMENT 05 Aug 2020
August 5th, 2020 - The Chinese State Council released a plan to safeguard foreign investment in China in the wake of the COVID-19 crisis.
NUMBER OF INTERVENTIONS
PRC State Council, August 5th, 2020. (国办发〔2020〕28号 国务院办公厅关于进一步做好稳外贸稳外资工作的意见)
On August 5th, 2020, the Chinese State Council released Guobanfa 2020/28 (hereafter, 'Announcement'), which stated the government's intention to both safeguard current foreign investment in the country while continuing to attract more of it going forward despite the negative effects of the COVID-19 pandemic on the world's economy.
In terms of specific support instruments, the Announcement listed 15 policy directions that would be used to achieve the abovementioned aim, of which the ones relevant to the GTA's research are listed below:
The GTA uses these top-level announcements to track a policy as it filters down the various levels of government, hence why this is included on the site with an amber, not-yet-implemented research rating.
Any policies arising from the promulgation of this Announcement will be linked to this state act.