BEIJING: China will release the sixth list of major foreign investment projects and further expand the 2022 industry catalog of sectors encouraging foreign investment as part of its latest efforts to advance high-level opening-up, a senior government official said on Monday.
Zhao Chenxin, deputy head of the National Development and Reform Commission, said at a news conference that the nation will offer policy support at the central government level to foreign investment projects on the upcoming list, in terms of industrial planning, land use, environmental protection assessment and energy consumption. The first such list was released in 2018. The industry catalog will be updated to increase support for foreign investment in such fields as advanced manufacturing and modern services, as well as in China’s central, western and northeastern regions, Zhao said.
More policy measures to spur foreign investment quality and quantity will be released, with a focus on the manufacturing sector, he said.
The moves are part of China’s broader efforts to further unleash the potential of foreign investment while upholding true multilateralism and expanding high-level opening-up, analysts said.
A report delivered at the opening session of the 20th National Congress of the Communist Party of China on Sunday said the nation will promote high-standard opening-up. China will leverage the strength of its enormous domestic market to attract global resources and production factors, and enhance the interplay between domestic and international markets and resources, according to the report.
–The Daily Mail-China Daily news exchange item|
