BEIJING: China has taken pragmatic measures to expand market access, facilitate the flow of talent and scientific research resources, and align with international economic and trade rules as part of the country’s efforts to create a favorable business environment and further open up its economy to global investors, officials and experts said.
Though the downward pressure on the world economy continues to mount and the global outlook for cross-border investments appears less optimistic, China’s steady economic growth, expanding consumer market and continuous efforts to improve its business climate have positioned it favorably in the global investment landscape, they added.
They made the comments after the State Council, China’s Cabinet, rolled out an action plan outlining a series of measures aimed at bolstering the country’s international openness and attracting increased foreign investment in mid-March.
While China has achieved significant milestones and has become a global manufacturing powerhouse over the years thanks to its reform and opening-up policy, the emphasis on attracting and utilizing foreign investment still remains crucial.
“The recent release of the action plan once again highlights China’s high regard for attracting foreign investment and its commitment to strengthening beneficial interactions with the global economy through high-level opening-up,” said Wu Hao, secretary-general of the National Development and Reform Commission, China’s top economic regulator. –The Daily Mail-China Daily news exchange item
