China is set to expand its openness and attract more foreign investment in 2025, according to the Ministry of Commerce (MOC).
MOC official Li Yongjie announced that after eliminating all restrictions on foreign investment in the manufacturing sector last year, China will now focus on opening up its services sector through pilot programs in telecommunications, medical care, and education.
“We will continue to ease market access and improve the business environment for foreign-invested firms,” Li Yongjie said during a press conference. She emphasized the government’s commitment to promoting the Invest in China campaign and addressing challenges such as qualification licensing, standard setting, and government procurement that foreign businesses may face.
Furthermore, efforts will be made to build high-level opening-up platforms that align with international economic and trade standards. This includes enhancing the quality and efficiency of pilot free trade zones, ensuring they meet high-standard criteria and support global economic integration.
These measures are part of China's broader strategy to foster a more inviting environment for international businesses and reinforce its position in the global market.
Reference(s):
China pledges to expand opening up, welcomes foreign investment
cgtn.com
