China is set to intensify its efforts in developing a unified national market, with the goal of expanding market access and attracting greater foreign investment, according to Chinese officials who spoke at a press conference on Monday.
Zhou Qiang, director of Market System Development at the Ministry of Commerce, emphasized several measures that will be taken, such as reducing the number of items on the negative list that currently restrict foreign investment. These steps reflect China's commitment to further relaxing limitations on foreign investment and fostering a more favorable investment environment within the country.
In addition, China will prioritize the establishment of platforms and the streamlining of channels that effectively demonstrate the potential and opportunities available in the Chinese market. Zhou emphasized China's dedication to providing high-quality services to foreign companies and creating an environment that is globally recognized for its excellence in facilitating foreign investment.
Li Chunlin, vice chairman of the National Development and Reform Commission, the country's top economic planner, acknowledged the significant progress made since China issued guidelines last year to expedite the development of a unified national market. The accelerated establishment of such a market has already yielded positive outcomes, including stabilizing development expectations, boosting market vitality, reducing transaction costs, and promoting the smooth circulation of goods and services.
These latest efforts demonstrate China's commitment to enhancing its market openness, attracting more foreign investment, and creating an environment that fosters economic growth and international collaboration.
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