Off the wire
Dream send off for Vela as he leaves Real Sociedad for Los Angeles  • California governor requests major disaster declaration amid raging wildfires  • China says new EU anti-dumping methodology "misleading"  • Central China builds air cargo hub  • Switzerland wins double at Qinghai International Curling Elite  • Boeing pledges to boost investment following passage of GOP tax bill  • Angola's first satellite to enter orbit on Dec. 26  • Across China: Ethnic minority folk songs bring spirit of 19th National Congress of CPC to life  • Central Chinese city imposes natural gas purchase restriction  • Friday, Saturday to be key in LaLiga with Classico standout game  
You are here:  

China to ease market access controls on foreign investment

Xinhua,December 21, 2017 Adjust font size:

BEIJING, Dec. 21 (Xinhua) -- China will work to ease market access restrictions on foreign investment and push the opening of the manufacturing, producer services and financial sectors, the Ministry of Commerce said Thursday.

The country will push for nationwide implementation of a pre-establishment national treatment system as well as a negative list, which determines industries in which foreign participation is prohibited or limited, the ministry spokesman Gao Feng told a press briefing.

The country will also improve its mechanism for foreign investors to file complaints and protect their legal interests, Gao said.

Efforts will be made to attract more foreign investment into the country's central and western regions, while improving the quality of investment, he said.

Foreign direct investment into the Chinese mainland rose 9.8 percent year on year to reach 803.62 billion yuan (around 122 billion U.S. dollars) in the first 11 months. The growth was much faster than the 1.9-percent year-on-year increase registered in the first 10 months.

Chinese leaders have reiterated that the country will not close its door to the world, but rather the door will only open wider. Enditem