(CFP Photo)

Jiangsu has been committed to optimizing its business environment, promptly addressing the concerns of foreign-funded enterprises, and introducing policies and measures to facilitate their development. Currently, Jiangsu is home to 43,000 foreign-funded enterprises, and last year, the actual use of foreign capital amounted to $25.34 billion, placing it at the forefront nationally.

In September last year, the Standing Committee of the Jiangsu Provincial People's Congress reviewed and adopted the “Regulations on the Promotion and Protection of Foreign Investment in Jiangsu Province,” marking it as the fourth regional law of its kind. Jiangsu pledges to provide a favorable legal environment for foreign investment, covering aspects of investment protection and government services. Earlier this year, the provincial government issued new measures to further enhance the environment for foreign investors.

Sun Jin, deputy director of the province’s Department of Commerce, mentioned that in 2023, Jiangsu increased its efforts to support investment projects in terms of land use, energy consumption, environmental assessment and financing in 2023.

Furthermore, all levels of governments in Jiangsu have established communication mechanisms with foreign-funded enterprises. Last year, the province further standardized the "round table meetings with foreign-funded enterprises" system.