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China Vows to Further Expand High-Level Opening up for Foreign Investment

By Xinhua|Mar 26,2024

This aerial photo taken on Sept. 10, 2023 shows a view of Zhangjiang area of the China (Shanghai) Pilot Free Trade Zone in east China's Shanghai. (Photo/Fang Zhe, Xinhua)

Beijing - China will further expand its high-level opening up, offering more opportunities for foreign investors to engage in deeper operations in the country, the Ministry of Commerce said Monday.

As China continues to lift market access restrictions in the manufacturing sector, it will also promote the opening up of sectors such as telecommunications and medical care to create more trade and investment opportunities for foreign investors, Vice Commerce Minister Guo Tingting said at the China Development Forum 2024.

The country will also launch a campaign to boost investment, continue to optimize services, and fully ensure national treatment for foreign-funded enterprises, Guo said.

"We will further enhance innovation drive and actively participate in global industrial and supply chain cooperation," Guo said, adding that efforts will be made to develop new technologies, industries and business models, expand service trade and digital trade, and promote the innovative development of enterprises.

Guo noted that China will deepen multilateral and bilateral cooperation and work for more practical outcomes in mechanisms such as G20, APEC and BRICS so that the results of economic globalization can better benefit all parties.


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