"This is great news for us. While we are at the beginning of 5G's commercial deployment, the Chinese government's open policy will help drive the healthy growth of our industry and accelerate 5G applications in industrial verticals," said Zhao Juntao, president of Ericsson China, as the negative lists ease market access to value-added telecom services.
One of the highlights of the revised negative lists is further opening-up in the exploration and development of petroleum and natural gas.
"I'm pleased to witness that China is pushing forward its opening-up policy. The continuous improvement of the business environment for foreign investors gives us more confidence in the future development of the Chinese economy," said William Zhao, Total China country chair of Total S. A., a French multinational integrated oil and gas company.
The French energy giant is the first international energy company to conduct offshore oil and gas exploration in China. "As our business has a presence across the entire value chain of China's energy industry, I believe, the company will have access to more opportunities in a fairer business environment," Zhao said.
China bucked a global trend of foreign direct investment (FDI) slide by attracting $138.3 billion last year. In the first five months of this year, the country saw an FDI inflow of $54.6 billion, up 3.7 percent year on year.
Chinese Premier Li Keqiang said Tuesday at the Summer Davos Forum that China will remain firmly committed to all-around opening-up and building an open economy of a higher standard.
The country will become more open, transparent and predictable for foreign investment, and its business environment will further improve, according to Li.