China Continues to Advance Foreign Investment and Opening-up

China is going to release the 6th list of major foreign investment projects as part of its latest efforts to promote foreign investment and expand high-level opening-up, according to a senior government official on Monday.

Zhao Chenxin, deputy head of the National Development and Reform Commission, said at a media conference that the nation would offer policy support at the central government level regarding industrial plans, land use, environmental protection assessment, and energy consumption to the projects on the list.

The list of major foreign investment projects was first released in 2018 and has since been issued occasionally.

He also said the Chinese authorities would coordinate promptly to address difficulties facing foreign investment projects in investment, production, and operation to ensure the smooth implementation of said foreign investment projects. 

"We will advance high-level opening-up and strengthen policies attracting foreign investment to better unleash the potential of foreign investment in promoting high-quality development and smoothing domestic and international circulations," he said.

According to him, the 2022 version of the industry catalog for sectors that encourage foreign investment will further expand coverage. 

The new catalog will intensify support to foreign investment in advanced manufacturing, modern services, high technology, energy conservation, and environmental protection, as well as in the middle, western and northeastern regions, to create a more appealing policy environment for foreign investors, he said. 

He said that China would also roll out policy measures to spur foreign investment quality and quantity, focusing on the manufacturing sector. He added that more efforts would be made to solve prominent problems facing foreign investors and improve services and promotion in all respects for foreign investment, to promote high-quality development of foreign investment.

Zhao Chenxin, deputy head of the National Development and Reform Commission. (Photo/ Zou Hong)