MOFCOM: China will continue to welcome U.S.-funded enterprises to develop in China

China unswervingly promotes high-level opening up, placing an key emphasis on attracting foreign investment, and steadily expanding institutional opening up, including rules, regulations, management and standards, said Minister of Commerce Wang Wentao when presiding over a symposium in Shanghai on Monday.

Representatives from American Chamber of Commerce in Shanghai and American-funded enterprises, including Johnson & Johnson, 3M, Dow, Merck and Honeywell, attended the symposium.

At present, China's economic operation has maintained a positive trend and its market potential has continuously increased, representing more opportunities for enterprises from all over the world, including U.S.-funded enterprises, to develop in China, said Wang.

The Ministry of Commerce will continue to provide accurate and efficient services for foreign-funded enterprises and projects, protecting the rights and interests of foreign investment, creating a market-oriented, legal and international first-class business environment,  whilst sharing the dividends of China's huge market and open development with enterprises from all over the world.

Wang emphasized the deep economic ties between China and the U.S. The economic and trade cooperation between the two sides exists on the basis of mutual respect and mutual benefit are in the fundamental interests of not only the two countries and their peoples, but also to the world as a whole. China will continue to welcome U.S.-funded enterprises to develop in China and achieve win-win results.

Representatives of U.S.-funded enterprises attending the meeting expressed their gratitude to the Ministry of Commerce, especially in relation to special work group for key projects and for providing service guarantees for foreign-funded enterprises. Enterprises continue to be optimistic about the development prospects of the Chinese market and are willing to further deepen their ties to the Chinese market.

(Cover image via CFP)

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