On August 4, a video conference on keeping foreign investment stable in key provinces for FDI was held in Beijing. Wang Shouwen, Vice Minister of Commerce and Deputy International Trade Representative, attended and addressed the meeting. The commerce departments of Beijing, Shanghai, Jiangsu, Zhejiang, Shandong and Guangdong attended the meeting in sub-venues. The meeting thoroughly studied and implemented the recent work arrangements of the CPC Central Committee and the State Council on stability in six areas and six priorities, conveyed and implemented the messages of the national video conference on keeping foreign trade and investment stable and the enlarged session of the leading Party group of the Ministry of Commerce in mid-2020, learned and exchanged experiences and practices in keeping foreign investment stable, studied and analyzed the situation, arranged the work on keeping foreign investment stable in the second half of the year, and exchanged views on relevant key issues.

During the meeting, it was pointed out that in the first half of the year, under the strong leadership of the CPC Central Committee and the State Council, the national commerce system made overall plans to promote epidemic prevention and control, and economic and social development, and steadily carried out the work of keeping foreign investment stable, as China's FDI stabilized after declining. In the second half of the year, the situation will become more complicated and difficult. All localities should enhance their sense of hardship, adhere to the bottom-line thinking, further improve their stance, and align their thoughts and actions with the decisions and arrangements of the CPC Central Committee and the State Council.

At the meeting, localities were required to stabilize the stock and strive for increase in foreign investment by leveraging the foreign trade and foreign investment coordination mechanism and the task force on major foreign-invested projects; ensure the supply of production factors for major foreign-invested projects; stabilize the supply chain and industrial chain for foreign investment; promote innovation and upgrading of national economic development zones; strengthen policy support for foreign investment and ensure sound implementation; encourage further opening-up and institutional innovation in Pilot Free Trade Zones up to international standards; continue to improve business environment; enforce the Foreign Investment Law and Implementing Regulations in real earnest; improve the systems for information reporting, investment promotion and complaint handling to protect the legitimate interests of foreign investment.

Participants to the meeting also had an in-depth discussion on how to stabilize the industrial chains and supply chains, improve the information reporting system and complaint handling, and track the progress of major foreign-invested projects and provide necessary services.