CHINA China opens its doors wider to foreign investors: deputy head of NDRC

CHINA

China opens its doors wider to foreign investors: deputy head of NDRC

China Daily

23:02, May 24, 2020

China is opening up its economy to more foreign investment, and a number of key foreign-funded projects are expected to be launched this year in fields such as electronic information, new materials and advanced manufacturing, the country's top economic regulator said on Sunday.

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Ning Jizhe, deputy head of the National Development and Reform Commission, at a news conference in Beijing on Sunday. (Photo by CFP)

Ning Jizhe, deputy head of the National Development and Reform Commission, told a news conference that with China's accelerated efforts to open markets and the improving environment, the number of large-scale foreign investment projects has increased markedly during the past two years. "Those key foreign-funded projects have played a leading role in stabilizing foreign investment and further opening the market to the outside world."

According to Ning, China will further shorten a negative list that is off limits for foreign investors and release a new version for 2020, pursuing higher-level opening up in the fields of services, manufacturing and agriculture.

More efforts are also needed to create a favorable environment for foreign investors, perfect systems for promoting, protecting and managing foreign investment and resolve any issues foreign companies are facing in work resumption.

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