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China put in place a series of measures to facilitate non-financial inbound investment in October. An expert says these measures send a strong signal that the country remains committed to a policy of economic reform and opening-up.
Six Chinese ministries and departments jointly announced 15 measures to expand non-financial inbound investment, focusing on the manufacturing industry.
They include measures to optimize the business environment, better serve foreign enterprises, and improve the quality of foreign investment.
These measures are important as they facilitate the movement of people and goods, and the financing of companies amid China's dynamic zero-COVID policy, said Wang Tiedong, a professor from the University of International Business and Economics.
Wang said China is now focusing on quality development of high-end manufacturing and these new measures target innovative and low-carbon industries.
China was the world's second-biggest recipient of foreign direct investment between 2017 and 2021. And in the first nine months of this year, the country's non-financial inbound investment exceeded $155 billion, up nearly 19 percent from a year ago.
Wang said foreign investors have good opportunities in China as the country embarks on a stage of new, high-quality development.
"Especially as consumption trends change, we need better quality products and services. It will be a good opportunity not only for Chinese companies but also for foreign-invested enterprises."
Wang said these measures convey a strong signal that China continues to adhere to its policy of economic reform and opening-up.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466