China's top planner vows more measures to encourage foreign investment

China on Tuesday reaffirmed its commitment to attract and stabilize foreign investment and elaborated on how the country is systematically pushing out a series of policies to promote, optimize and sustain economic growth solidly.

The National Development and Reform Commission (NDRC), the country's top economic planner, said that on top of advancing market opening-up, China will continue to improve the country’s business environment through measures such as optimizing the legal and regulatory system, creating a market-oriented, law-based and internationalized business environment to attract foreign investment and instill investor confidence.

To stabilize the property market, China will adopt comprehensive measures to tackle issues on both the demand and supply sides, including adjusting purchasing eligibility requirements and expanding the "white list" financing mechanism for real estate projects, said Zheng Shanjie, head of the NDRC, at a press conference.

In terms of promoting consumption, seen as a key driver of economic growth, Zheng said through targeted policy measures, China will implement measures to promote income growth among the low- and middle-income groups to spur consumption and create a more vibrant consumer market.

Meanwhile, Zheng announced that China will continue issuing ultra-long-term special treasury bonds next year. These bonds are designed to support long-term infrastructure and development projects, as well as ensure long-term economic stability.

From January to July this year, major foreign-invested enterprises saw their total profits increase by 9.9 percent, according to official statistics. During the same period, nearly 32,000 new foreign-invested enterprises were established, representing an 11.4 percent year-on-year increase and a continued growth trend.