In a move to further open its economy, officials from the State Council Information Office of China introduced a series of measures aimed at attracting more foreign investment. The latest initiatives include the expansion of the Catalogue of Encouraged Industries for Foreign Investment and the facilitation of data flow to reduce operational costs for foreign financial institutions.
The media conference coincided with the release of an action plan designed to steadily promote high-level opening-up and enhance efforts to attract and utilize foreign capital effectively.
Hua Zhong, head of the Department of Foreign Capital and Overseas Investment at the National Development and Reform Commission, highlighted that expanding the Catalogue of Encouraged Industries for Foreign Investment is a key component of China’s strategy. This expansion aims to provide greater clarity and incentives for foreign enterprises looking to invest in sectors such as the green economy, digital economy, and health industries.
By supporting investments in these high-growth areas, China is positioning itself as a formidable player in sustainable development, technological innovation, and healthcare advancements. These measures are expected to lower barriers for foreign investors and foster a more conducive environment for international business collaborations.
As China continues to implement these strategies, the global business community remains attentive to the potential opportunities and growth prospects that these reforms may unlock.
Reference(s):
Officials introduce China's latest moves to boost foreign investment
cgtn.com
