Current situation of foreign capital utilization i

2022-08-15
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The current situation of using foreign capital in China's printing industry after China's entry into the WTO, it has become a general trend for foreign printing enterprises to enter China's printing market. In 2002, China approved 102 foreign-invested printing enterprises with a total investment of 568million US dollars and a total registered capital of 3.02 billion US dollars. In 2003, 84 foreign-invested printing enterprises were approved, with a total investment of 469 million US dollars and a total registered capital of 249 million US dollars. Among the more than 80000 publication printing enterprises in China, only 2.8% of the "three capital" enterprises need to work at a constant temperature of 20 degrees Celsius, but they have occupied a certain share in the publication printing market with abundant funds, first-class equipment, scientific management and flexible business means. After the entry of foreign capital, it not only brings impact and challenges to the domestic printing market, but also provides us with opportunities to use foreign capital and introduce foreign advanced technology. Through absorption, digestion and innovation, we can improve our technological development ability, arm ourselves at a new height and improve our competitiveness in the international market. From a long-term point of view, China's entry into WTO will do more good than harm to the printing industry

according to the decision of the State Council on the cancellation and adjustment of the third batch of administrative examination and approval projects, from July 1, 2004, units applying for the establishment of foreign-invested printing enterprises in China can directly go through the relevant establishment procedures in the publishing administration departments and commerce departments of all provinces, autonomous regions and municipalities directly under the central government

on August 4, 2005, the Chinese government formulated several opinions on the introduction of foreign investment in the cultural field (hereinafter referred to as the opinions), which put forward clear "permitted" and "prohibited" matters for related work. This is the first time that the Chinese government has allowed foreign-funded enterprises to enter the publishing and printing field

the opinions allows foreign investors to set up enterprises in the form of sole proprietorship, joint venture or cooperation, such as packaging, decoration and printing, distribution of books, newspapers and periodicals, production of internal CD-ROM and management of works of art, which can avoid dust entering the interior. Under the condition that the Chinese side holds more than 51% shares or the Chinese side holds a dominant position, foreign investors are allowed to set up enterprises such as publication printing and CD-ROM reproduction in the form of joint ventures and cooperation. Without prejudice to China's right to examine the use of Loctite Max polyurethane resin in audio-visual products, foreign investors are allowed to establish audio-visual product distribution enterprises other than films in a cooperative and Chinese dominated manner

reprinted from: China investment guide

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