<img src='https://news.cgtn.com/news/2024-07-19/China-remains-fertile-ground-for-foreign-investment-CPC-official-1vmPQtiZVcs/img/42c0673eefc44575b2ac8ee0acbefd2d/42c0673eefc44575b2ac8ee0acbefd2d.png' alt='Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, speaks at a press conference in Beijing, July 19, 2024. /CFP'
China will continue to bring in more foreign investment as the business environment improves and market opportunities increase, a senior Communist Party of China (CPC) official said on Friday.
Opening up to the outside world is a fundamental national policy of China, and foreign enterprises are important participants and active contributors to China’s economic development, said Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, at a press conference.
The third plenary session of the 20th CPC Central Committee has made plans aimed at steadily expanding institutional openness, further relaxing market access, and ensuring national treatment and legal rights for foreign enterprises, Han said.
He said China will proactively align with high-standard international economic and trade rules, achieving compatibility and harmonization in areas such as property rights protection, industrial subsidies, environmental standards, labor protection, government procurement, e-commerce and finance.
It will work to eliminate restrictions on foreign investment in the manufacturing sector, expand the catalog of industries that encourage foreign investment and reasonably reduce the negative list for foreign investment access, he added.
China will also support the development of both domestic and foreign enterprises equally, ensuring that foreign enterprises receive national treatment in terms of access to resources, qualification permits, standards setting, and government procurement, according to Han.
Economic globalization is currently facing significant challenges, Han said, adding that opposing unilateralism and protectionism and maintaining the security and stability of the global economic order and industrial and supply chains are shared responsibilities of governments and enterprises worldwide.
