China is taking significant strides to deepen its reform and opening-up agenda, as detailed in a recent government work report submitted to the national legislature on Wednesday.
The comprehensive report highlights that China has fully implemented the negative list for cross-border trade in services, signaling a more open and favorable environment for international businesses. This move is expected to enhance global trade relations and attract foreign investment.
In addition to broadening trade policies, China has launched opening-up trials in high-value sectors including telecom services, biotechnology, and wholly foreign-owned hospitals. These initiatives aim to foster innovation, improve service quality, and integrate advanced technologies, positioning China as a pivotal player in these critical industries.
By embracing these reforms, China underscores its commitment to economic modernization and global collaboration, offering new opportunities for businesses and stakeholders worldwide.
Reference(s):
cgtn.com
