In a strategic move to drive economic growth, Chinese Premier Li Qiang chaired a State Council executive meeting on Friday, focusing on attracting and utilizing foreign investment while addressing local debt risks.
The meeting underscored stabilizing foreign investment as a key priority for this year's economic agenda. Premier Li emphasized the importance of widening market access, further leveling the playing field, and facilitating the smooth flow of innovation factors to make China an attractive destination for global investors.
Confidence-building measures were also highlighted, with the government pledging to enhance the quality and level of trade and investment cooperation. By improving these areas, China aims to create a more inviting environment for foreign businesses and foster sustainable economic partnerships.
Addressing local debt risks, the meeting noted that conditions have generally improved. Efforts will continue to boost policy support, tackle problems at their source, and establish a comprehensive government debt management system focused on high-quality development.
Recognizing the challenges faced by the elderly population and foreign visitors in payment processes, the State Council called for enhanced coordination and greater resource allocation. The goal is to develop a variety of payment methods that are more convenient and complementary, ensuring a seamless financial experience for all.
Reflecting on past achievements, Premier Li acknowledged that over 2,000 policies and measures were introduced last year in response to suggestions and proposals from national lawmakers and political advisors. This proactive approach has successfully addressed key economic and social development issues.
The meeting concluded with the approval of several government documents, including guidelines to further improve payment services and draft regulations on water conservancy, ecological conservation compensation, and consumer rights protection. These initiatives are set to reinforce China's commitment to sustainable and high-quality development.
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China to attract more FDI, defuse local debts as premier chairs meeting
cgtn.com
