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1st LD: China pledges wider opening-up in 2016-2020

Xinhua, November 3, 2015 Adjust font size:

China will continue to open up its economy to attract foreign investment and encourage Chinese firms to invest overseas, according to a proposal unveiled Tuesday.

The Communist Party of China (CPC) Central Committee's "Proposal on Formulating the Thirteenth Five-year Plan (2016-2020) on National Economic and Social Development," was adopted at the Fifth Session of the 18th CPC Central Committee, which ended Oct. 29.

Coastal areas will be given support to participate in global economic cooperation, advanced manufacturing bases and economic zones will be established, and border and cross-border economic cooperation zones will continue to be improved, said the proposal.

In the next five years, China will optimize foreign trade and open wider to the global economy. More will be done to explore innovative models of foreign trade, equipment manufacturing and services. Endite