REUTERS/Thomas Peter/File photoBEIJING, Aug 13 (Reuters) - China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment.
The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights.
The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China.
The State Council said it would explore a "convenient and secure management mechanism" for cross-border data flows.
Reporting by Andrew Hayley and Ethan Wang; Editing by Andrew Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons:
Thomas Peter, Andrew Hayley, Ethan Wang, Andrew Heavens, Bernadette Baum
Organizations:
National People's Congress, REUTERS, State, The State Council, Thomson
Locations:
Beijing, China, BEIJING