BEIJING: China’s economy will become an even more attractive destination for high-quality and long-term foreign investment as a result of the nation’s stepped-up efforts to shore up economic growth and push continuous progress in deepening reforms and expanding opening-up, said market watchers and business executives.
The positive factors contributing to this trend are still being released, with central government departments announcing new arrangements to further attract global capital. For instance, the National Development and Reform Commission said that China will formulate comprehensive policies to further attract foreign investment and set up a higher-level opening-up system to attract global resources.
Meanwhile, the Ministry of Commerce said the country will revise administrative measures for foreign investors’ strategic investment in listed companies to encourage overseas companies to invest in its stock market.
President Xi Jinping has stressed that new systems for a higher-standard open economy are a strategic move to proactively boost reform and development through opening-up.
Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks while presiding over a meeting of the Central Commission for Comprehensively Deepening Reform on July 11.
He highlighted the importance of institutional opening-up and deepening institutional reform in investment, trade, finance and innovation, among other key areas of foreign exchanges and cooperation, to actively raise China’s opening-up to a new level.
Xi also urged the country to leverage the strengths of its enormous market and attract global resources and production factors with China’s strong domestic economy, in his article published in February in Qiushi Journal, the flagship magazine of the CPC Central Committee. –The Daily Mail-China Daily news exchange item
