Research On Optimizing The Examination And Approval Process Of Foreign Investment Project

Driven by the tide of economic globalization, the process of world economic integration is speeding up. Along with China's entrance into WTO and the development of reform and opening-up, there surges a new wave of further opening up to the outside world and attracting foreign investment with great exertion all over the country, from the coast to the inland. In the past three decades of reform and opening-up, Chinese economy had achieved a rapid progress meanwhile foreign investment had become an important roll booster of economic development. China is beginning to play a crucial role in the global strategies of multinational corporations.In recent years, with constant adjustment of policies inviting foreign investment, all parts of the country have attached more and more importance to improving investment environment; meanwhile favorable investment environment has been even more closely related to the sustained and sound development of inviting foreign investment. Investment environment, thus, became the key of strategic decision to the development of economy and society of the region. In the construction of investment environment, the environment of government service is the most important soft environment. The service quality and work efficiency of the government will directly affect foreign investors'activities of investment, production and operation as well as their confidence, and furthermore have a direct bearing on the investor's investment cost and operation cost. Therefore, it is a significant job to improve government service and establish a service-oriented government committed to optimize the investment environment.After referring to a large quantity of literatures and collecting relevant data, the essay analyzes the new trend of international capital flow, as well as the developing phases and policy evolution of our country in inviting foreign investments, and additionally analyzes the principal components of foreign investment environment by using the investment decision-making theory. Moreover, by using SWOT Analysis on Shanghai's investment environment, the essay suggest improving soft environment and inviting foreign investment to promote the competitiveness of Shanghai, and advise the government on transforming government functions, increasing efficiency and optimizing process of examination and approval. Based on specific cases and analysis, the essay proposed some viewpoints on the theory of project management, in order to provide assistance to constant improvement of soft investment environment and promotion of sustainable and sound development of foreign investment.