China is set to roll out more measures to expand its opening up and attract foreign investment in 2025, according to the Ministry of Commerce (MOC) on Wednesday.
Easing Market Access
Li Yongjie, an official from the MOC, announced at a press conference that efforts will be made to further ease market access. After lifting all restrictions on foreign investment in its manufacturing sector last year, China is now focusing on opening up its services sector. This includes launching pilot programs in telecommunications, medical care, and education.
“We are advancing the opening up of our services sector to welcome more global investors,” Li said.
Improving the Business Environment
Li emphasized the country’s commitment to optimizing its business environment. She pledged continued efforts to promote the Invest in China campaign and improve services for foreign-invested firms.
“We aim to resolve issues that foreign-invested firms face, such as qualification licensing, standard setting, and government procurement,” she added.
Building High-Level Opening-Up Platforms
The MOC official highlighted the importance of building high-level opening-up platforms that align with international economic and trade rules. She called for continued work to enhance the quality and efficiency of China’s pilot free trade zones.
“Our goal is to create an environment where foreign investors feel welcome and can thrive,” Li concluded.
Reference(s):
China pledges to expand opening up, welcomes foreign investment
cgtn.com
