China is determined to continue its efforts to attract and utilize foreign investment, and this goal has been highlighted in the Government Work Report submitted to the national legislature for deliberation on Sunday. Delivered by Premier Li Keqiang, the report outlines a series of measures to achieve this goal and expand China’s global economic presence.
To start with, the report emphasizes the need to expand market access and open up the modern services sector to foreign investors. This is in line with China’s long-term goals of economic liberalization, and will help to create a more level playing field for foreign businesses operating in China. In addition, the report emphasizes the importance of ensuring national treatment and improving services for foreign-funded companies, which will help to further increase the attractiveness of China as a destination for foreign investment.
The Chinese government is also committed to facilitating the launch of large foreign-funded projects, which will help to create more employment opportunities and increase economic growth. By taking these actions, China hopes to integrate further into the global economy and attract more foreign investment.
Moreover, China plans to take more actions to join high-standard economic and trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. This is a significant step that will further China’s integration into the global economy and help it to create more trade opportunities. The report also highlights the importance of expanding institutional opening-up by proactively adopting relevant rules, regulations, and standards.
All of these efforts demonstrate China’s commitment to economic liberalization and its willingness to integrate into the global economy. The country’s efforts to attract foreign investment will undoubtedly have a positive impact on its economic growth and development. As Bai Ming, deputy director of international market research at the Chinese Academy of International Trade and Economic Cooperation in Beijing, has noted, these efforts prove again China’s commitments to further integrate into the global economy and attract more foreign investment.