News
China ramps up efforts to attract, utilize foreign investment
By Luo Shanshan, Wang Yongzhan, People’s Daily
Foreign-funded companies have remained upbeat about the development prospects in China, continuously expanding their presence in the country since the beginning of this year.
Recently, a set of new-generation digital power quality equipment rolled off the production line at a factory of Schneider Electric in Xiamen, southeast China’s Fujian province. A new flexible production line also started operation at the factory.
China has become Schneider Electric’s second-largest market in the world, as well as an important supply chain base and one of the four major research and development (R&D) bases of the company.
In Chengdu, southwest China’s Sichuan province, European aircraft manufacturer Airbus has been orderly promoting its first aircraft lifecycle service project outside Europe.
In 2023, an important task for China is to make greater efforts to attract and utilize foreign investment. By properly shortening the negative list for foreign investment access, continuing to build a first-class business environment, providing better services for foreign-funded enterprises and facilitating business cooperation and exchanges, China has constantly promoted high-level opening up and improved the quality and level of trade and investment cooperation.
On the first day of 2023, the 2022 edition of the Catalogue of Encouraged Industries for Foreign Investment went into effect. This version contains 1,474 items, with 239 newly-added items and 167 revised ones compared with the 2020 version.
Foreign companies investing in the included industries can enjoy favorable policies such as tax reduction and exemption, as well as priority in land supply.
More encouraged industries for foreign investment and a less negative list for its access have indicated China’s ongoing efforts to attract foreign investment.
In recent years, China has continuously lowered the threshold for foreign investment. Items on the negative lists nationwide and for pilot free trade zones (FTZs) have been cut to 31 and 27, respectively. Opening up has been basically achieved in the manufacturing sector and steadily promoted in the agricultural and service industries.
Nowadays, the service industry has become a major sector that attracts foreign investment to China.
The State Council recently released a circular, approving the launch of a pilot project to expand opening up the service sector in six cities, including Shenyang, Nanjing, Hangzhou, Wuhan, Guangzhou and Chengdu.
The pilot project had previously been carried out in five places including Beijing, Tianjin, Shanghai, Hainan and Chongqing. Nearly 70 innovative policies have been rolled out in Beijing in areas including R&D of the sci-tech sector and financial services for the real economy, and 151 differentiated pilot measures have been launched in four places including Tianjin, accelerating the opening up of the service sector.
Thanks to the pilot project launched in Chongqing and other projects such as the Chongqing and the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, ICHAM Pte. Ltd., a Singaporean company, obtained a license for conducting Qualified Domestic Limited Partner (QDLP) business in Chongqing and set up a wholly-owned subsidiary in the city.
“By obtaining the license, we can carry out financing activities in China and invest in Singapore and other overseas markets. In 2023, we’ll actively conduct business and build a two-way cross-border channel for financing and investment between China and the international market,” said Chen Peiliang, president of the subsidiary.
The annual Central Economic Work Conference recently proposed to grant foreign-funded enterprises national treatment, guarantee equal participation of foreign-funded enterprises in government procurement, bidding, and standard setting in accordance with the law, and increase the protection of intellectual property rights and the legitimate rights and interests of foreign investors.
The foreign investment law, which came into effect on Jan. 1, 2020, is China’s fundamental law in the area of foreign investment. It sets out unified requirements for the access, promotion, protection and management of foreign investment.
Long Guoqiang, deputy head of the Development Research Center of the State Council, pointed out that China has abolished laws, regulations and normative documents that ran counter to the foreign investment law for three consecutive years, and has carried out the formulation, revision and abolition of over 500 documents. This effort will be continued in the future, Long said.
“We officially kicked off the project only more than 6 months after signing the letter of intent. The Chinese government significantly improved the efficiency of services,” said Hu Yongdong, an executive from Airbus, mentioning the complex aircraft lifecycle service project that involves multiple business sectors.
Hu expressed that to push forward the project, departments from Sichuan province and Chengdu city were proactively engaged in matchmaking, actively enhanced coordination, and innovated cooperation models, greatly relieving financial pressure on the company in advancing the project.
An official from China’s Ministry of Commerce expressed that the country will continue to enhance investment facilitation and ramp up support for foreign investors, solve problems in the operation and construction of projects, and provide greater convenience for foreign investors in carrying out trade and investment activities in China.
The energetic Chinese economy has delivered enormous opportunities for foreign-funded companies, said Yin Zheng, executive vice president of Schneider Electric.
News
AONDOAKAA’S LAWYERS URGE COURT TO DISMISS SUIT CHALLENGING HIS GOVERNORSHIP CANDIDACY
…As Court Reserves Judgment for November 16
The legal team representing the Peoples Democratic Party (PDP) governorship candidate in Benue State, Chief Michael Kaase Aondoakaa, SAN, has urged the Federal High Court, Abuja, to dismiss a suit challenging his candidacy for the 2027 governorship election for lack of competence.
Led by Prof. Anthony Ijohor, SAN, the legal team adopted Aondoakaa’s preliminary objection and urged the court to dismiss the suit in limine, arguing that it was not competent to proceed with the case.
The legal team headed by Prof. Ijohor, SAN, comprised other Senior Advocates of Nigeria, including Chiesonu I. Okpoko, SAN, Anthony A. Malik, SAN, and Mohammed Said Diri, SAN. Other members of the team were AT Kohol, Esq, Michael Gusa, Esq, Aleichenu Ogwuche, Esq, AJ Apera, Esq,
Matthew Onoja, Esq, DD Asema, Esq, and HT Ijohor, Esq.
The suit, marked FHC/ABJ/CS/2152/2026, was instituted by David Ejembi, Aondoaver Teryila, Joseph Okpanachi and Benedict Akaazua Orkume against the Independent National Electoral Commission (INEC), the PDP and Aondoakaa.
At the proceedings, counsel to the PDP, CT Mue, Esq, also adopted the party’s preliminary objection and urged the court to strike out the suit for lack of competence.
Counsel to the plaintiffs, Feng Pwajok, Esq, adopted the plaintiffs’ counter-addresses and written address in response to the preliminary objections. Prof. Ijohor subsequently adopted Aondoakaa’s further affidavit and reply on points of law, while Mue adopted the PDP’s reply on points of law.
On the substantive suit, counsel to the plaintiffs adopted their originating processes, while counsel representing the defendants adopted their respective processes. The plaintiffs’ counsel thereafter adopted further affidavits and replies on points of law filed in response to the submissions of the PDP and Aondoakaa.
Following the arguments, the court adjourned the matter to November 16, 2026, for judgment.
Aondoakaa, a former Attorney-General of the Federation and Minister of Justice, is the PDP’s duly nominated governorship candidate for the 2027 Benue State election.
News
“WIKE CANNOT CHOOSE A GOVERNOR FOR US!” — Group Rejects Alleged Rainbow Coalition Plot in Benue
The Benue Alliance for Good Governance and Accountability (BAGA) alleges secret political negotiations involving Wike, Akume and Ortom; insists Governor Alia should be allowed to complete two terms if re-elected.
BAGA has raised concerns over an alleged political arrangement involving prominent political figures, warning against any attempt to influence the outcome of the 2027 Benue State governorship election without the consent of voters.
In a statement signed by its President, Chief John Terfa, the group alleged that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, was involved in discussions with the Secretary to the Government of the Federation (SGF), Senator George Akume, and former Benue State Governor Samuel Ortom over a proposed political alliance reportedly known as the “Rainbow Coalition”.
BAGA further alleged that Wike was seeking political control over five states under the Peoples Democratic Party (PDP) as part of the proposed arrangement to deliver President Bola Tinubu’s re-election in 2027, with Benue reportedly among the states being considered to hand over to Wike through the Rainbow Coalition.
The group also claimed that the alleged discussions were aimed at securing the emergence of former Attorney General of the Federation, Chief Mike Aondoakaa, as a preferred governorship candidate in Benue under the proposed coalition, despite Aondoakaa being banned from holding any political office for life by Supreme Court, due to unprecedented corruption and abuse of office when he was the Attorney General.
BAGA questioned why political actors from outside Benue should have a decisive influence over who governs the state, arguing that the choice of governor must remain with the electorate.
“Benue is not a political commodity to be traded behind closed doors in Abuja. The people of the state must have the final say on who governs them and the direction their state takes,” the group said.
The organisation alleged that Wike had held a series of meetings with Akume and Ortom in recent weeks to discuss the reported arrangement.
It further claimed that tensions arose during one of the alleged meetings at Akume’s residence in Abuja recently, where Wike was said to have questioned why Akume had allowed Governor Hyacinth Alia to become so politically powerful.
It was alleged that Wike demanded that Akume should make sure Governor Alia is not re-elected or declared winner in 2027 whether he wins or not and boast of having the judiciary under his control.
BAGA rejected what it described as an attempt to determine Benue’s political leadership through negotiations among powerful individuals, insisting that Governor Hyacinth Alia should be allowed to complete his constitutionally permitted tenure, if re-elected in 2027.
The group said it believed Alia’s administration was performing well in governance and development, adding that political alliances should not be used to undermine the democratic choices of the electorate.
It also criticised the record of Ortom’s administration and expressed concern about what it described as divisions within Benue’s political space arising from the influence of powerful political interests within and outside the state.
BAGA argued that any coalition seeking to influence the 2027 election should be based on transparent principles, competence, accountability and the interests of the people, rather than personal ambition or political bargaining in Abuja.
The group also challenged political actors seeking the support of President Bola Ahmed Tinubu to pursue their ambitions without attaching conditions that could compromise the democratic choices of the voters.
“Benue people are politically conscious. They will not surrender their future to a coalition of political interests formed without their consent,” the statement said.
The organisation called on voters, civil society groups and political stakeholders to remain vigilant and defend the state’s democratic rights ahead of the 2027 elections.
“Whatever colour it is given; Rainbow, PDP or otherwise, the people will reject any arrangement that threatens their collective interests and development,” BAGA said.
“Benue is not Rivers and we will not allow Wike from Rivers State to choose a governor for us in Benue State,” the group added.
According to BAGA, the central issue is whether political negotiations in Abuja will respect the right of Benue voters to determine their own leadership.
The group maintains that the state’s governorship should not be decided through private agreements among political power brokers, but through a democratic process in which the people have the final say.
News
2027: Group Defends INEC, Urges Evidence-Based Scrutiny of Staff Redeployments
The Coalition of Civil Society Organisations Against Corruption (COCSOAC) and 33 partner civil society organisations have expressed confidence in the Independent National Electoral Commission (INEC), urging Nigerians to treat recent reports concerning the commission with caution and rely only on verified facts.
The coalition, in a statement signed and issued in Abuja on Tuesday by its President, Bola Ademola, and National Secretary, Comrade Abdulfatah Aliyu, the group said while INEC must be held accountable where necessary, criticisms of the electoral body should be based on credible evidence, due process and an opportunity for affected parties to respond.
COCSOAC was reacting to an online publication alleging questionable staff redeployments within INEC, including the reported reassignment of a Northern director and the deployment of South-West officials to key departments.
The coalition said it had not independently verified the alleged redeployments or the motives behind them, warning that claims of political interference or ethnic favouritism should therefore not be treated as established facts.
“Assuming without conceding that the redeployments occurred as reported, staff reassignment is a recognised administrative practice that may serve legitimate purposes, including operational efficiency, professional development and improved management,” the group said.
It maintained that the geographical origin or family associations of an INEC official could not, on their own, establish bias or an intention to manipulate elections.
According to the coalition, the more important questions should be whether the decisions complied with applicable rules, received proper authorisation and were based on legitimate administrative considerations.
COCSOAC consequently urged INEC to clarify the circumstances surrounding the reported redeployments where necessary, while appealing to the media and civil society organisations to avoid drawing premature conclusions from unverified reports.
The group also congratulated INEC Secretary, Dr Rose Oriaran Anthony, on her turbaning, describing institutional experience, diligence and administrative continuity as important factors in the management of elections.
It appealed to President Bola Ahmed Tinubu to consider Oriaran Anthony for reappointment as INEC Secretary when her tenure expires, subject to applicable laws and established appointment procedures.
COCSOAC said its appeal was not a demand for an appointment outside the law but was based on the need to preserve institutional knowledge and strengthen coordination ahead of the 2027 general elections.
“Where an experienced incumbent has demonstrated the requisite commitment and competence, continuity may help preserve institutional knowledge, strengthen coordination and support preparations for peaceful, credible and well-organised elections,” the coalition said.
It, however, stressed that any decision on the matter must be guided by legality, INEC’s independence and the integrity of the electoral process.
The coalition called on political actors, civil society organisations, the media and other stakeholders to protect public confidence in Nigeria’s electoral institutions through evidence-based engagement, transparency and respect for due process.
It said its position was not that INEC should be shielded from scrutiny, but that allegations against the commission must be verified and affected institutions given a fair opportunity to respond.
“As the nation approaches another critical electoral cycle, accountability, institutional stability and the rule of law must remain central to the collective pursuit of credible elections,” COCSOAC said.
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